LAND SALE.

Poverty Bay Herald, Volume LI, Issue 16870, 27 October 1925, Page 2

LAND SALE.

The usual Show W'eek land 1 auction said itill be conducted Ify Mr C. ft. Bloore at 11 a.m. on Friday at the Masonic hotel auction room, when'an exceptionally valuable selection of central city- properties will be. offered. These comprise, firstly, the handsome two•stdrfcyed brick structure known as Erskine’s building, situated in Peel street, :jtM off Gladstone road, consisting of four modern shops on the ground door, largo room upstairs, and bakehouse at rear, all leased to good tenants, with a full' quarter acre of'land. The property returns nearly £IOCO a year in rents, and this sum-must rise with the increase in value that is steadily going on. It is seldom that such a block comes on the open market, and ariyon'e requiring premises'for personal use or for an-in-vestment should take the opportunity of buying 1 now. Then there is a fine site •in Grey'street, next to the Ford garage, just' below the GaS Company's show rooms, opposite the Cash Stores, This, '.being' on. the widest street in Gisborne, tis in full view of the main road, on the cool nncl,dust less side of the .street, arid right in the heart of the town. The next block will he a 33ft. frontage just above Derby street, on the left, next lo I lie Collett Motors, a position that is steadily becoming the centre of the retail shopping area. The fourth lot will* be a quarter acre section in Lowo ’street-, adjoining the New Zealand Insurance Company’s building, opposite the. Catholic Church, a very fine position for an office site. The next section is the only half acre, block within a few yards of Gladstone road, being the Peel street property in the estate of the late John Townley, having two chains frontage, near the Times office. This is a great shop or theatre site. Joining this in Bright street is a quarter acre with workshop, near Allen Bros, and John.stone’s garage, suitable for a Warehouse or factory. Lastly there will he offered a quarter acre on the confer of Lowe •street and Kahutia street, just below dhe Catholic Church', a- handy town property.*