REAL ESTATE.

Auckland Star, Volume 55, Issue 63, 14 March 1924, Page 11

REAL ESTATE.

LAf*JD AND BUILDINGS. (By BEALATOH.) __ring the past few weeks the de- _____ lor house property has slackened considerably. Ihe rea.-.n for this; *->, no doubt, to be found in the fact that "rices are mud. too high for the average Kecuve household practically [_ available lull imp sites within a - reasonable distance of the city nave been, or are being, built upon. Agents handling suhdivisicraa report a fair progress ol sale-, this applying especially to seaside states, but tbe !;a,on ''or beach resorts i, last drawing to a close, and it is anticipated that the _e will slacken off considerably very shortly At present there is little doincr in'farm property as tar a? sales are concerned, the only transactions involving farm lands being exchanges for city proper", v or suburban farmlets. quite a few deals being made recently. It was anticipated that the recent high prices obtained for wool would have provided a- stimulus to this branch of real estate, but so far there has been DO indication of any improvement in the status of iartn property. Buildin-*. both residences and business premises, continues brisk, the number of _-_llm<-s in course of erection in the suburbs = being larger than ever before. But as is the case with most outdoor •work, this must slacken down when the wet weather sets in. Work has just been commenced on the erection of three modern brick shops with dwellings attached, at the Grey Lynn terminus. These shops, which will include all the latest methods of construction and interior fitting, will cost about £2700. Messrs. Johns Bros, are the builders and they expect to finish this job in about three months' time. 'Operations on the warehouse in Federal Street for Messrs. Evans and Hooper, are progressing rapidly. These premises will be of two storeys in brick and concrete and will Be used by the owners to cope with their rapidly increasing business. Work is to be commenced immediately on the erection of a block of offices on the corner of Anzac Avenue and Short Street, to the order of the The Pukemiro Collieries Ltd. These premises will have a frontage to Anzac Avenue of 55ft, and to Short Street 70ft. Five storeys in height, it will be of reinforced concretethroughout, stanchions, beams, floors and staircases being of this material. The fiat roof will be covered with Neuchatel asphalt. An electric lift- will run to the full "height of the building. The ground and first floors will be used as a motor garage and showroom, with access from both streets. From the Short Street entrance cars will go up a ramp on to a wooden turntable, which will divert the cars to any position. The second floor is cut up into offices for the sole use of the company. The two top floors have not yet been divided, it being left to suit tenants. The estimated cost is approximately £16.000. The contractors are Messrs. W. J. Grevatt and .Son. Good progress has been made with the new garage for Gillett Motors Ltd. The owners have had the use of the building as regards workshops and housing of cars on all floors since before Christmas, and the office portion will be changed • over by the end of the month when the job will be fully completed. The contractors, Messrs W. J. Grevatt and Son. have had the job on their hands for six months, and this means that the owners will' get their building three months ahead of contract time. This job has cost £20,000. The architect is Mr. Sinclair O'Connor. A two-storey brick building is in course of erection on the corner of Victoria Street and Federal Street, to the order of Mr. Jellich who intends to use the building as two shops on the floor, with the upper floor as a showroom. The builders are Messrs C. F. Hamon and Sons. Work on the warehouse for Hutchinlons, Ltd.. on Beach Road and Anzac Avenue, is progressing rapidly, and it is expected to complete at an early date. The insulated cool stores at the city markets, to the order of -Radley and Co., have just been finished. Extensive alterations and additions to -hatfield's Chambers in Custom Street have been carried out by Messrs J. T. Julian and Son. A new lift has been installed, and a motor garage fronting on to Gore Street attached. The Colosseum job is well under way, and will be finished before Christmas.