SALE OF PROPERTIES.

Press, Volume LVII, Issue 17223, 13 August 1921, Page 7

SALE OF PROPERTIES.

PRICES UP TO £525 A TOOT. Sales of city progenies fronting on Colombo street and extending round Cashel street were completed yesterday morning, the purchase moneys totalling £54,000. In one'mstance the price of the freehold equals £526 a foot on tne Oolombo street frontage. These transactions further illustrate the exceptionally urm iposition of the values of city properties.

The sales have been made by the; Bulkeley' Investment Co., Ltd., and practically complete the company's, holding in the. block mentioned. Tae property on corner of Gashel and' Oolombo streets, occupied by Watts's Cash Grocery, the adjoining premises in Colombo street occupied by Adams, Bruce, Ltd., pastrycooks, and the premises adjoining in Cashel street occupied bv j. A. Cooke, chemist, have 'been sold for 1 £36,750. The purchaser is Adams, iiruce, Ltd;, the frontage to Colombo street is sljft. and that to Cashel street is fiQfti fiTe purchase money equals £525. on the Colombo street frontage. In addition, the purchaser has the right to build over a right-of-way Bft 4in wide, opening on Colombo ftreet, from the neight of the first storey. . Messrs Major and' Tvorman L. Steel have purchased the premises in Colombo street occupied bytheir father, F. H. Steel," butcher. The price is £12,000, erual to £4OO a foot on the 30ft frontage to Colombo street. This property is 108 ft deep, and the occupier has the right to use the right-of-way. The premises occupied, by Dennis Bros., fishmongers, with a frontage of 46ft to Cashel street, and a depth of sljft, have been purchased by J. T. tiuttori for £15,250. , This is equal to £332 a foot on the frontage. The occupier has the right to a right-of-way, and the premises are subject to a lease.. Prior to the properties coming into the possession of the Bulkeley Investment Co., Ltd., they -were owned I>y Colonel Bulkeley, who recently disposed of properties in Colombo street opposite the block now the subject of sales. Yesterday's sales . were effected through the agency of Mosley and Sheppard, public accountants, company auditors and estate agents. CRIPPLING TRADE RESTRICTIONS SYDNEY RETAILERS' ASSOCIATION'S CRUSADE. (By Cable—Press Association —Copyright.) (Australian and N.Z. Cable Asftocdatioiu) (Received August 12th, 7.5 p.m.) S I'DNEY, August 12. The Retailers' Association is leading a crusade for the.sweeping-away of all Government-imposed trade restrictions. They claim that tliie restrictions axe crippling the .markets out of which the bottom has already dropped. They state that as the result ofGovernment interference half the retail traders of Australia, to-day are selling goods at below cost price. THE WHISKY TRADE. BIG DEAL BY D.C.L. , (Received August 12th, 5.5 p.m.) LONDON, August 12. The Distillers' Company, Ltd., has acquired Calder and Company's seven distilleries, thus controlling the world s whisky .trade. The Distillers' .Company paid £750,000 to Calders, whose capital was £250,000. TRADE WITH FRANCE AND BELGIUM. LONDON, A-ugust 11. French and Belgian Ministerial fepreeentatives have with Mr Massey, with a view to. negotiating commercial reciprocity with J»ew Zealand. Mr Massey proposes to consult the iiew Zealand Parliament on the' matter.