BANK ODF N.Z.
ANOTHER PURCHASE OF
PROPERTY
(By Telegraph—Press Association.)
AUCKLAND, June 2.
Another'purchase; of Queen. Street property has been made by the BanK of New Zealand. Today it acquired a three-storey building on the east side of Queen Street above Wellesley Street, occupied on the ground floor by Barry and Beal Ltd., the Lido Milk: Bar -and Cathay House, the seller -being Mr. W. H. Bartleti, who orice occupied portion of the premises. . The price paid works out at a little over £600 a foot of frontage. The Queen Street frontage is 33 feet and. there is a depth of 82J feet. In the middle of last month it was announced that the bank had purchased a three-storey shop and office building on the .southern corner of- Queen and Swanson Streets as the first step towards the erection of a large modern building to replace the one which has housed its Auckland branch for about 70 years. The price was not then disclosed. Its purchase today was for the purpose of opening a subsidiary branch office.
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Bibliographic details
Evening Post, Volume CXXIII, Issue 130, 3 June 1937, Page 23
Word Count
177BANK ODF N.Z. Evening Post, Volume CXXIII, Issue 130, 3 June 1937, Page 23
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