DEAL IN MILLIONS.
—I BEDFORD ESTATE SOLD IN HALF-AN-HOUB'S TALK. By Telejrfiph—Pfcs-s • Association—Copyrieht (Rec. December ID, 1.10 a.m.) London, Decernbor IS. The "Dailv Mail" states that Mr. Mallflby-Deefey, who has just purchased 19 acres of tho Duke of Bedford's Covent Garden Estate, paid slightly nuclei* three millions for tho Bedford property. Tho stamp duties in- tho deal totalled nearly £00,000. Tho gross rentals from the estate are estimated at £230,000. The initiative in the deal came from the Duke. Mr. Deoley's first offer was made without inspecting the property. Ho then visited the locality, and a few calculations made on tho corner of a blotting-pad formed tho basis of a second offer, which was accepted after half an hour's talk with tho Duke. Mr. Deeley has no officehot c-von a telephone.
London, December 17
In nine years the Duke of Bedford has reduced his ownership of land from 87,000 to 41,000 acres. All tho tenants at Covent Garden (19 acres of which estate was reported yesterday to have been sold at a'huge price) arc weekly ones. They regret- losing a good master. "■
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Dominion, Volume 7, Issue 1936, 19 December 1913, Page 7
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182DEAL IN MILLIONS. Dominion, Volume 7, Issue 1936, 19 December 1913, Page 7
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