CITY LAND SALE

Dominion, Volume 21, Issue 125, 24 February 1928, Page 3

CITY LAND SALE

BOND STREET SECTIONS There was a large attendance at the sale of Bond Street Limited sections at Messrs. Harcourt and Company's auction rooms. Lambton Quay, on Wednesday afternoon. The bidding for the section fronting on to Manners Street readied .£560 a foot, for that fronting Parish Street .£250, and for the Wakefield Street-Farish Ctreet corner site .£250 a foot. No sections, however, were disposed of under the hammer, and none have been sold since, though negotiations are in progress. The sections offered were numbered 1 to 15, and the order of offering and bids were as follow: — Lot 15, corner parish Street and Manners Street, the site of the Clarendon Hotel. 33ft. 2in. to Manners Street, 55ft. Olin, io Parish Street. 30ft. deep, and 7ift. 3in. on back line, against the. Appleton Building, reached £560 per foot on the Manners Street frontage in all, not counting the two inches, £18,480, at. which figure it was passed in. Lot 1. at the angle of Parish Street and Wakefield Street, with a frontage to the Former of 45ft. 2in. and to the latter of 33ft. Slin.. a bam, line of Slit. a depth of 33ft. sin.. was offered on the parish Street frontage, and the bidding climbed from ,£lOO to 4:270 per foot, at which figure it was passed in, or a total bid of .£12.150. Lot 4, with 35ft. to Parish Street, 38ft. I’.in. to Old Customhouse Street, a back lino of 51ft. 7in„ and a depth of 33ft. sin.. started at £2OO per foot on the Fnrislt Street front; it was passed in at £250 per foot, or 418750. Lot 12. with 20ft. frontage to Parish Street, 30ft, lOin. depth, next to tho shops in course of erection, went up to -£245 per foot, but it, too. failed to reach the reserve. For lot 13 adjoining there were no bids; nor were there any bids' for lots 2 and 3. between the Old Customhouse and Wakefield Street sections. Lot 14. next to the Manners Street corner, 20ft. frontage by 30ft. din. deep, attracted bids up to .£250, but was also passed in