£700,000 REFUSED.
PROPERTY OWNER NOT TEMPTED. LAND PRICES’ IN SYDNEY. Ne ; w' real estate records ar.e reported to have been created in Sydney a woek ox 1 so ago. Fox' some time the purchase o’f eight properties in Pitt Street, including the Ambassadors., had been the subject of negotiation, and the last offer 'for the block was £700,000. Large as this sum is, it failed td tempt .the owner, whose expressed determination not to part with the. Ambassadors is (says a Sydney paper) likely to render future negotiations exceedingly difficult.
RdTxnd about the sa ( me period what is described as one of the most remarkable city pxn’perty deals in Australia was completed. Premises in the heart of the city, with a street frontage of 12ft 10%in by a depth df 'ssft, were disposed df for £29,590, or £2300 a foot. The size of the site taken into consideration, it is stated that the price per square foot (just over £4O, is probably a record, for Australia.
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https://paperspast.natlib.govt.nz/newspapers/HPGAZ19261201.2.13
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Hauraki Plains Gazette, Volume XXXVII, Issue 5059, 1 December 1926, Page 2
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166£700,000 REFUSED. Hauraki Plains Gazette, Volume XXXVII, Issue 5059, 1 December 1926, Page 2
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