QUEEN ST. DEAL

Sun (Auckland), Volume 1, Issue 66, 9 June 1927, Page 9

QUEEN ST. DEAL

ANOTHER TALL FIGURE DONALD’S PROPERTY SOLD SYNDICATE PURCHASES FOR £52,000 Queen Street property deal of considerable magnitude has j.ust been effected, through the sale of Messrs. A. B. Donald, Ltd.'s property, two doors above the new Dilworth build-* ing. A syndicate, in which Stormont and Sons, caterers, are interested, has acquired the section, which has a street frontage of 33ft and runs back 168 ft. to Fort Street Lane. The purchase price for the property was £52,000, at which figure the price per foot of frontage works out at £1,575 15s 2d. The parties to the deal declined to disclose details of the transfer, though Air. A. Stormont said another party, besides the firm of Stormont and Sons, was interested. OLD-ESTABLISHED BUSINESS Donalds started in the ship-chand-ling business in Auckland in 1868, later extending their interests to the Island fruit trade, and their headquarters now are at the City Markets. Their original three-storey building, which now changes hands, is one of the oldest in Lower Queen Street, and from it the historic business established by the late Air. A. B. Donald was carried on in its earlier years. A large part of the building is at present occupied by Walker’s auctionering business, but Donald’s former shop is untenanted, and a placard in the window announces that it is to be leased for a period of years. After that, presumably, a new building will be erected.