Page 20 Advertisements Column 2

Otago Daily Times, Issue 19009, 3 November 1923, Page 20

SALES BY AUBTION. WEDNESDAY, 7th NOVEMBER, At 12 o’clock. At Rooms, Manse street. Instructed by the executors of the will of the late Joseph Feltham. FREEHOLD PROPERTY, SOUTH DUNEDIN. Nos. 55 and 57 REID ROAD, NEAR CARGILL’S CORNER, GOOD COMFORTABLE COTTAGES. PARK REYNOLDS (LIMITED) are instructed to sell by auction as follows: LOT I.—No. 55 Reid road, being allotment 3 of section 15, Block VII, For bury, with a comfortable 4-roomed wooden cottage and conveniences. LOT lI—No. 57 Reid road, allotment 2, of section 15. Block VII, Forbury, with a good 4-roomed cottage and conveniences. LOT lll—Level freehold, quarter-acre, Reid road, allotment 4, of section 15, Block VII, Forbury, area 1 rood 7.5 poles, with a 2-roomed wooden cottage. The Executors will accept any reasonable offer to close the estate. Further particulars from, MESSRS WEBB AND ALLAN, Solicitors, Princes street, or PARK, REYNOLDS, LIMITED. LOVELY SUNNY, SHELTERED HOME. MONDAY. 12th NOVEMBER, At 12 o’clock. At Rooms, Manse street. MORNINGTON FREEHOLD PROPERTY. SOLIDLY-BUILT FREEHOLD RESIDENCE, No. 45 MARY’HILL TERRACE (Almost adjoining cable car). COMMODIOUS PLASTERED 7-ROOMED RESIDENCE, VALUABLE SUNNY, LEVEL HALFACRE (Almost). • ■OARK, JU i are REYNOLDS fLTD.), are instructed to sell by auction. LOVELY FREEHOLD RESIDENCE, being Sections 65-66, Glen Estate, area 2 roods (more or less), with a Substantiallybuilt 7-roomed Wooden Residence; plastered throughout, 6 bay windows, portico, wide entrance hall, comfortable rooms, washhouse, copper, and tubs all under one roof; modern drainage; solid concrete foundations. This freehold residence is situated in one of the best portions of Mornington. sheltered from the cold winds, and bathed in glorious sunshine. Tram service is almost at the door. The residence is vacant, and the owner has FIXED A VERY LOW UPSET TO ENSURE A QUICK SALE. 3n MONDAY, 12th NOVEMBER, At 12 o’clock. At Rooms, Manse street.. On Account of tho Vendor (who is leaving the district). WELL-BUILT 5-ROOM ED VILLA AND TOMATO-HOUSE, No. 46 MALVERN SiRKET, WOODHAUGH. LOVELY SUNNY FREEHOLD SECTION Bay Window, Verandah, Bathroom, Washhouse. 5 Minutes to George street Tram. ANY REASONABLE uFFER ACCEPTED jp»ARK, REYNOLDS (LIMITED). TUESDAY, 27th NOVEMBER, At 12 o’clock. At Rooms, Manse street. TO INVESTORS AND SPECULATORS HOTEL AND SHOP PROPERTY. VALUABLE FREEHOLD AND BUILDINGS. VALUABLE LEASEHOLD AND BUILDINGS. IN THE CENTRE OF DUNEDIN CITY, FRONTING HIGH AND RATTRAY STREETS, With Part Interest in and use of convenient Cart Right-of-way from High street. PREMISES NOW IN OCCUPATION OF D.1.C% Which Company is shortly to occupy the premises of Messrs Herbert, Haynes, & Co. (Ltd.). ALSO, WATSON’S COMMERCIAL HOTEL, HIGH STREET, ADJOINING THE GRAND HOTEL. THE TRAM TERMINUS CENTRE. The starting and slopping place of all City Electric and Mornington and Roslyn Trams; within a stone throw of Telegraph Office, Post Onice Site, Stock Exchange, Banks, Warehouses, etc., etc. PARK. REYNOLDS (LIMITED, are instructed by the Directors of tho D.I.C. (which Company is shortly to transfer to tho premises of Messrs Herbert, Haynes, & Co., Ltd.) to sell by auction—1. Parts of Sections 63 and 64, Block VII, Dunedin, having a frontage of 97ft to High street by a depth of from 153 ft to 161xt, together with SUBSTANTIAL BRICK BUILDINGS, 2 storeys and cellar, at present occupied by D.1.C., and WATSON’S COMMERCIAL HOTEL, 3 storeys and cellar front, 4 storeys at back, immediately opposite tho starting place and terminus of Mornington Tramway and within 3 chains cJ Princes street and Electric Car Terminus; subject to lease terminating 18lh 1924. 2. WESTER!* PORTION OF SECTION 67, BLOCK VII, Dunedin, having a frontage of 49ft sin to Rattray street, by depth of 150 ft and 108 ft, together with SPLENDID MODERN BRICK BUILDING, 3 storeys and cellar, and adjoining portion 2 storeys, also occupied by D.I.C. 3. EASTERN PORTION OF SECTION 67, BLOCK VII, Dunedin, having a frontage of 52ft Igin to Rattray street, by depth of 103 ft and 66ft, with Brick Building of 2 storeys and cellar, divided into 3 compartments, two of which are occupied by D.1.C., the third by Messrs W. & E. Taylor. LOTS 2 and 3 ARE VALUABLE LEASEHOLDS, 21 years from December 31, 1915, at ground rentals of £74 5s and £7B 3s respectively. The Leases provide for perpetual renewal or full valuation to be naid by incoming tenant in the event of the lessees being outbid at auction at the expiry of any term of 21 years. By terms of the lease, the upset annual ground rent is fixed at 30s per foot, which is the rental at present paid for these leases. These premises adjoin the Freeholds, and are worked in conjunction, running right through from High to Rattray street, and afford A UNIQUE OPPORTUNITY for establishing in Dunedin one of the finest and largest Hotels in the dominion, the present license for Watson’s Hotel being attached to portion of the land. Tho shop frontages alone would go a long way towards the payment of interest on tho purchase and alteration of the buildings, and the hotel portion would stand at a very low rental. The site is second to none in Dunedin, and the Company, having no further use for the promises, IS DETERMINED TO SELL, Provided a reasonable offer is made for these exceedingly valuable premises, and in order to enable Companies or individuals with moderate amount of capital an opportunity to purchase, the following LIBERAL TERMS OF PAYMENT will be given : 10 PER CENT. DEPOSIT, 25 1-3 PER CENT. IN ONE MONTH Balance can remain for 5 years at_6 per cent, per annum, the purchaser paying off principal a sum of not less than £IOOO per annum in quarterly payments. The Company will include a stipulation in Conditions of Sale that for a term of 3 years the purchasers shall not let any of the premises for the purpose of carrying on business of a similar character to that at present carried on by the D.I.C. For further particulars apply to Messrs SIEVWRIGHT, JAMES, & NICHOL, ,Solicitors, High street; Or 250 PARK. REYNOLDS (LTD.) ■99 S CASH Ai HALF TON, Delivered in City, WARONUI, 'fiie Eeosomioai Coal. 2n