- 5 ·
-
Thursday, July 12, 1973
BIG NEW TERRITORIES SITE UP FOR SALE
Kun
A piece of industrial land covering about 155,000 sq. ft. in Tuon
the largest single lot so far available in the New Territories -- will
soon be put up for sale by auction.
The rectangular-shaped block, measuring 234.5 ft. by 660 ft.,
can be developed for light industry or godown purposes.
The upset price is $6 million.
A spokesman for the New Territories Administration said keen
bidding is expected as several firms have expressed interest in the site.
The auction will take place at the Yuen Long Town Hall on July 30,
beginning at 2.30 p.m.
Concessionary payment terms are available under which the purchaser
can pay the premium over a period of 20 years at five per cent interest.
The purchaser can also gain possession of the site almost immediately
after the sale as the land has already been formed and levelled.
The site is conveniently situated within a planned industrial area
of the Tuen Mun new town. It is about 3,000 ft, from Castle Peak Road and
can be approached via Causeway Road in Tuen Mun.
Four other lots of industrial land in Tuen Mun, ranging from 10,000
sq. ft. to 14,800 sq. ft. will also be available for sale by auction in
August and September.
In March last year, eight lots of industrial land in the area were
sold by auction.
Full particulars and conditions of sale may be obtained, and sale
plans inspected, at the New Territories Administration, North Kowloon Magistracy,
Taipo Road, Kowloon; and at the District Offices of Yuen Long, Tsuen Wan,
Taipo, Sai Kung and Islands.
0
16