PROPERTY SALES.

Otago Witness, Issue 2427, 19 September 1900, Page 16

PROPERTY SALES.

Messrs Wright, Slephenoon, and Co. report as follows: — Oil behalf of Mr James Gray, of Messrs Reid and Gray, we offered his fine estate, known as Kuri Park, near the mouth of the Taieri River, by auction at our saleroom: on Sataedsj- afternoon-. The property contains: 360 acres of good larrd, together with splendid dwelling house of 10 rooms,, manager's cottage, stable, woolshed, orchard, shrubbery, etc., and? subdivided into 19 paddocks, most of them in. permanent pasture; 80 acres in turnips (a- magnificent crop), 55 acres being prepared for next season's turnip crop. Thirty acres turnip land are -being sown with wheat and grass, nine pcres with oats and grass, 22 acres with grass and rape, and 28 acres lea land with oats. Of the total area in grass, 48 acres are in one-year-old pastuie and 88 acres in two-year-old pasture. About one-fourth of the estate is in. beautiful native bush. There was a good attendance of interested parties at the sale, bufc competition was confined to two of them, and as the highest bid under the hammer was only £5 15^ per acre, no business resulted. Mr Gray's reserve is an extremely moderate one, pncl it is seldom that such an undoubtedly good farm ro close to Dunedin can be purchased at! anything like the price Mr Gray is prepared to tpke. As Mr Gray is retiring from farming, the auctioneers are authorised to say that the property will bs sold to the first party who submits a reasonable offer. Messrs Wright, Stephenson, arid Co. report; having sold to Mr Paul Barrett, of Waikaia. 3324 acres ontbe New Zealand Agricultural Company's Waimea estate, being sections 73/8, 217/8, 374, part 521, 524, and 638 Hokonui district. Messrs Donald Reid and Co. (Limited) report; having offered for sale, at Middlemarch, on Friday, the 14th inst., on account of Mr Robert; Stephenson, lease in perpetuity of 195 acrea superior farming land in the Sutton district, near Middlemarch. Owing to the short time the property had been advertised, intending; buyers did not seem quite prepared to bid a* the auction, and "the property was passed in. The place being one very suitable for settlers) with small capital, there have been many inquiries since the sale, and as we are instructed by Mr Siepnenson to close with the first buyer at the reserve price, we have no doubt a. sale will soon result. Messrs James Samson and Co. offered for sale by auction at their rooms on Saturday, by instructions from the Public Trustee, section 28, block VII, North Harbour and Blueskin district, containing lla lr 33p. The property was run up to £45, at which sum it was passed in.