Messrs T. Kennedy Macdonald and Co. offered for sale by auction this afternoon, at the Exchange Land and Mercantile Auction Rooms, Panama-street, a number of valuable properties. There was a large attendance. The sale of a farm, timber lands, and sheep-run, at Wainui-o-mata, in the estate of Messrs J. and D. Sinclair, provoked somewhat spirited bidding, which was started at £2000 and run up in £500 bids to £5000, the property falling to Mr A. E. Russell, of Palmerston North. The sale of the other properties was proceeding when our reporter left.
Messrs T. K. Macdonald & Co.’s Land Sale
Following are the details of the sale of property at the Exchange Land and Mercantile Auction Rooms yesterday afternoon. In respect to the Wainui-o-mata estate, the property, as previously stated, was knocked down at £5000, but is subject to a first mortgage of £1500, bringing the price up to £6500.
Lot 4: Wainui-o-mata estate, of 4115 acres, and sawmill, in estate of J. and D. Sinclair, sold to Mr A. E. Russell for £6500.
Lot 5: Farm at Wainui-o-mata containing 370 acres, with homestead and orchard, in Sinclair’s estate, sold to Mr A. de B. Brandon for £1000
Lot 6: Dwelling houses, Waiwetu-road, Lower Hutt, sold to Mr C. B. Izard for £500
The following properties were withdrawn at the undermentioned prices:- Farm, Gollan’s Valley £500; Property containing 1042 acres, Wainui-o-mata £1000.
