IMPORTANT LAND SALE

Poverty Bay Herald, Volume LV, Issue 17179, 8 February 1930, Page 6

IMPORTANT LAND SALE

Tiie Opou estate lias long been discussed as one of the best blocks for subdivision in this district. Plans are circulated with this issue of subdivisions of approximately 400 acres of this block, which are being offered For sale by public auction on (Saturday, March i. The land is so well known that any detailed description seems unnecessary. The. general opinion is freely expressed that, l here is little better in Poverty Bay and many good judges even go so far .as t o state that the Opou Hats Are equal to the host in New Zealand. Generally speaking, most of the flat land in this 'district has not been confined exclusively to grazing, 'but utilised extensively for cropping and principally for maize growing. Tho U ; pou Hats to be auctioned have not, with the exception of a few acres adjoining the Waipaoa River, been under the plough for something like 40 years. Consequently the land, which has never been heavily grazed, is now in the best heart for breaking up, if desired, and should under ordinary favorable conditions produce in the vicinity of 100 bushels of maize to the acre. For dairying or grazing the pasture in its present state is capable of running a, cow to the acre. With the approach of tho Gisborne-Napier railway an important factor in connection with lhis district must not he overlooked The seasons here are so much earlier that when a daily train service is in operation, orchadists will find a profitable outlet for their products south of Gisborne, where the seasons are from three weeks to a month later.

Therefore it would seem an oppurtuno time to acquire a section, which planted with early varieties of fruit would produce a Handsome return as soon as rail communication is established. The situation also will appeal to tlfc town business man with a taste for country life. In these days of fast transport the distance of six miles is reduced to a few minutes travelling time on -a good bitumen road. 'Tlie close proximity to the Mat,aw hero saloynr’ds also makes the subdivisions suitable for holding paddocks, enabling stock to be turned over quickly with practically no drovers’ expenses. To tho buyer with a limited capital the terms, 10 per cent, on fall of the hummer and a similar amount at date of possession, must he considered reasonable. The sale is being conducted by the N.Z. Loan and Mercantile Agency Go., Ltd., in conjunction with the Gisborne Sheepfarmors Frozen Meat and Meivliaiitile Go., Ltd., and either company will he pleased lo show prospective buyers over the property, or supply any further particulars required*