UNDER THE HAMMER

Sun (Auckland), Volume I, Issue 146, 10 September 1927, Page 9

UNDER THE HAMMER

CIVIC SQUARE LEASES UNIQUE PROPERTY SALE THE shutters are up on the Civic Square scheme at last. Yesterday the land agent’s posters were erected. Splendid building: sections are noi >ffered for lease, wheer adventurou Ireamers pictured the magnificen leart of the Queen City. There ar 6 sections and they will be auctione >n November 2. Inquiries have already been receive l’ora Australia. The unique position o he sections makes for speculation a o the prices they will realise at auc ion as leaseholds. Land in the vicinity in recent years has sold at from £2OO to £1,128 a foot. Nine sections on the corner of Quee: Street and 'Wellesley Street are to b irst offered in one block and if no sold five: of them with frontages t Wellesley. and Fergusso: streets, will be offered together, sub sequent sections will be offered sep irately. The leases stipulate that buildin mist be begun within two years an hat the design must be approved b he lessor. Buildings on the Queen and Wellesle street corner must be erected to ieight of 55ft within three years an nust be at 102 ft the maximum heigh illowed, before 11 years have expiree