Sale of Wellington Property.
An important transaction in Wellington city property has just been concluded says the “ Times." A piece of land on Larabton quay, in the heart of the city, having changed hands at the record price of £270 per foot. The block in question adjoins the Union Bank of Australia, and has two buildings upon it—the “Strand Cafe” and the office of Mr A. Bate, commission agent. This property has been purchased from tjie Rhodes estate by Mr Fred Barrow, manager of the Bradford Woollen Company, and the price, £270 per foot, is the highest yet paid for a Jjambton quay frontage. The purchaser is to be congratulated upon his enterprise and upon the tangible proof he has given of his confidence in the steady growth and prosperity of Wellington. It is his intention to erect fivestoried business premises upon the land, and plans for the building are to be prepared at once.
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https://paperspast.natlib.govt.nz/newspapers/MH19030523.2.14
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Manawatu Herald, 23 May 1903, Page 2
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155Sale of Wellington Property. Manawatu Herald, 23 May 1903, Page 2
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