GISBORNE TOWN PROPERTY.
A RECORD PRICE
(press association telegram.)
GIBBORXK, January 11. ' A record price was established for t town projK-rty in tho business area to- ' day. when the 21 years' le-aso of an : erlucatioii reserve of ono roo<l with n • frontage of 00 feet to Gladstone road was sold at the. Land Office at. an annul rental of £700. The section was , originally let in April, ISO 4, for £"•"> j rental. To-day's prke, capitalised at ■ live per cent., represents £2112 per loot, i or ilt.ooo <:apit,al value, the highest previous prico in this locality £I.W) per foot.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19150112.2.14
Bibliographic details
Press, Volume LI, Issue 15174, 12 January 1915, Page 3
Word Count
98
GISBORNE TOWN PROPERTY.
Press, Volume LI, Issue 15174, 12 January 1915, Page 3
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