The Most Valuable fart of London
The part of London in which land is the most valuable is the city, the ground around Lombard-street bein^ worth, it is estimated, not less than £2,000,000 an acre. One house in Lombard- street was rented at £25 a year in J 665, now the building erected on the same site is rented for £2600 a year, under lease from 1877. The rateable annual value of the city rose from about £760 an acre in 1871 to £5?00 an acre in 1881. • Amongst the highest prices that have been paid for land in the city may be mentioned Cannon-street : 1880, a 12ft by 50ft site brought £4500, being £7 5s per square foot, or £330,000 per acre. In the same year a site in Grace-church-street brought £18 9s per square foot, or £820,000 per acre, and in 1886 a site in Old. Board-street, 42tt by 80ft, was s,old for £37,000. being £28 8s per square food, and £1,260,---000 per acre. The city of London is the smallest of cities, but the most valuable. It has an area of one square mile, which produces a rental of £2,400,000 per annum.
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Bibliographic details
Feilding Star, Volume XIV, Issue 29, 25 August 1892, Page 4
Word Count
195The Most Valuable fart of London Feilding Star, Volume XIV, Issue 29, 25 August 1892, Page 4
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