Date:
29/10/1987
Title:
Contract
Object ID:
2015.266.013
Object Name:
Letter
Extent of Description:
2 sheets of paper, 29.5 x 21cm
Scope & Content:
[Letter, rectangular white paper with black print.]
[Letter reads]
29th October, 1987
Weggery &Co.,
C/ — Mr J.R. Campion,
Arohanui
131 Tutere St.,
WAIKANAE.
Dear John
Re : Twentieth Subdivision, Weggery Drive
Thank you for giving our Company the opportunity to tender for the marketing and sales of your Twentieth stage of subdivision containing fifteen residential building sites that is currently under construction.
I advise that I have inspected the sites with the Waikanae Sales Staff and we all agree that the area has a delightful tranquil and rural atmosphere and will, I am sure, command a great deal of purchaser interest.
Marketing :
Our Company has had considerable success marketing sections for sale by Public Auction and I would suggest that you earnestly consider this approach. Waikanae is desperately short of sections for sale and the competition between buyers at an auction could well see prices achieved above current market prices and particularly if terms of payment can be offered. For those sections not sold on auction day they would then be offered at the reserve prices and would, I imagine, be sold within a month. This is in fact is what happened at our last auction of the Pharazyn Estate. We have also had considerable on—going inquiry for beach sections since that auction.
The cost of promoting the sub—division for sale by auction would be charged to your Company and approximately $3,000 would be necessary to give reasonable exposure. Included in the advertising would be a sales brochure similar to the enclosed for the Pharazyn Estate. Assuming that the sections would be for same by auction and for your suggested date of February 1988, then a lead up period for advertising of 6 weeks would be desirable and this would have optimum exposure over the holiday period.
Commission :
Our commission rate is $300 plus 3.5% of the consideration plus GST. There would not be an auction fee apart from the advertising costs and the commission rates are the same for auctions and private treaty.
Nathans :
We have five sales staff at our Waikanae office including two "Q.P's" and apart from one newer agent they have combined real estate experience of approximately 78 years. Further, we have a back up sales staff of seven at our Paraparaumu and Raumati offices if required.
Nathans have been going through an expansion programme recently and in the greater Wellington area we now offices in Wellington City, Kilbirnie, Karori, Johnsonville, Tawa, Paremata, Petone, Lower Hutt and Upper Hutt plus of course, our offices on the coast at Raumati Beach, Paraparaumu Beach, Waikanae and Otaki.
Suggested Section Prices :
Firstly, I do not consider that the reticulation of Natural Gas would effect a price difference. Though it would be desirable to have gas available purchasers would not pay a premium price for the land because of gas. The factor I feel that would influence prices would be to have a restrictive covenant on the title requiring purchasers to submit to the Vendor or Manager a plan of the proposed dwelling for approval so that a reasonable building standard could be assured.
Based on current market prices I assess the values of each lot as follows : —
Lot 1 $26,000
Lot 2 to 6 $28,000
Lot 7 $30,000
Lot 8 $31,000
Lot 9 $32,000
Lot 10 $31,000
Lot 11 $32,000
Lot 12 $30,000
Lot 13 $32,000
Lot 14 and 15 $25,000
Our Company is of course very keen to be involved with the promotion and marketing of your land and I feel sure that you would be satisfied with the results that we could achieve.
Should there be any further matters that I have not covered in this letter then please do not hesitate to contact me.
Yours faithfully,
GEORGE NATHAN & CO. LTD
M.J. Brewer
Manager
[Letter reads]
29th October, 1987
Weggery &Co.,
C/ — Mr J.R. Campion,
Arohanui
131 Tutere St.,
WAIKANAE.
Dear John
Re : Twentieth Subdivision, Weggery Drive
Thank you for giving our Company the opportunity to tender for the marketing and sales of your Twentieth stage of subdivision containing fifteen residential building sites that is currently under construction.
I advise that I have inspected the sites with the Waikanae Sales Staff and we all agree that the area has a delightful tranquil and rural atmosphere and will, I am sure, command a great deal of purchaser interest.
Marketing :
Our Company has had considerable success marketing sections for sale by Public Auction and I would suggest that you earnestly consider this approach. Waikanae is desperately short of sections for sale and the competition between buyers at an auction could well see prices achieved above current market prices and particularly if terms of payment can be offered. For those sections not sold on auction day they would then be offered at the reserve prices and would, I imagine, be sold within a month. This is in fact is what happened at our last auction of the Pharazyn Estate. We have also had considerable on—going inquiry for beach sections since that auction.
The cost of promoting the sub—division for sale by auction would be charged to your Company and approximately $3,000 would be necessary to give reasonable exposure. Included in the advertising would be a sales brochure similar to the enclosed for the Pharazyn Estate. Assuming that the sections would be for same by auction and for your suggested date of February 1988, then a lead up period for advertising of 6 weeks would be desirable and this would have optimum exposure over the holiday period.
Commission :
Our commission rate is $300 plus 3.5% of the consideration plus GST. There would not be an auction fee apart from the advertising costs and the commission rates are the same for auctions and private treaty.
Nathans :
We have five sales staff at our Waikanae office including two "Q.P's" and apart from one newer agent they have combined real estate experience of approximately 78 years. Further, we have a back up sales staff of seven at our Paraparaumu and Raumati offices if required.
Nathans have been going through an expansion programme recently and in the greater Wellington area we now offices in Wellington City, Kilbirnie, Karori, Johnsonville, Tawa, Paremata, Petone, Lower Hutt and Upper Hutt plus of course, our offices on the coast at Raumati Beach, Paraparaumu Beach, Waikanae and Otaki.
Suggested Section Prices :
Firstly, I do not consider that the reticulation of Natural Gas would effect a price difference. Though it would be desirable to have gas available purchasers would not pay a premium price for the land because of gas. The factor I feel that would influence prices would be to have a restrictive covenant on the title requiring purchasers to submit to the Vendor or Manager a plan of the proposed dwelling for approval so that a reasonable building standard could be assured.
Based on current market prices I assess the values of each lot as follows : —
Lot 1 $26,000
Lot 2 to 6 $28,000
Lot 7 $30,000
Lot 8 $31,000
Lot 9 $32,000
Lot 10 $31,000
Lot 11 $32,000
Lot 12 $30,000
Lot 13 $32,000
Lot 14 and 15 $25,000
Our Company is of course very keen to be involved with the promotion and marketing of your land and I feel sure that you would be satisfied with the results that we could achieve.
Should there be any further matters that I have not covered in this letter then please do not hesitate to contact me.
Yours faithfully,
GEORGE NATHAN & CO. LTD
M.J. Brewer
Manager
Click to Enlarge
Letter to John Russell Campion from M.J. Brewer, page 1
Letter to John Russell Campion from M.J. Brewer, page 2
Letter to John Russell Campion from M.J. Brewer, page 1
Letter to John Russell Campion from M.J. Brewer, page 2