SALE OF CITY PROPERTY.

Press, Volume XXXI, Issue 4260, 25 March 1879, Page 2

SALE OF CITY PROPERTY.

Messrs'■!_, Msfcwn and Co. offered at nnblie auction yesterday tbe block of land, with buildings erected therieu. forming - ti—t—gto bounded by T__a BStsifeiHggh street, and Madras street. There was _ large atteoclasee when the sale opened, but tbe b_tdiag was decidedly slow, the auctioneer having to withdraw the first section, that at the ja-cticm at T___ and _ow_- High street, for which tha highest bid-k-»s £21 per foot. He incidentally m*tit*oaed that no trade depression would warrant tbe waifiee ot property *o Yalu_W.e at such a ridießlott-vT «> w azure. "His next lot was then offered, i___ely, section Jfo. 2, with a frontage of 52ft3__ This property realised £35 perfoot, the total porch*-? money fcraeontmg to £1306 ss. Messrs Kempthonse, Prosaer, and Co. were the p_rc__wcs» -Tbe aaow & r_ purchased ether properties as fellows:—Section 3. 30ft fr»nt»ffe, J&Q lfbper foot, £Sls; section 4,.55 ft frontage, £30 per 5, 3« frontage, __> 10s per foot, -SB. Tbe next lot oa tbe list waa withdrawn _fc__B ltts, and the rw_-_faglgta, 7, 8, and 9, were -etao-L , ■- ■:..-.. ■