PROPERTIES PASSED IN AT AUCTION

Press, Volume LXXXIX, Issue 27040, 15 May 1953, Page 8

PROPERTIES PASSED IN AT AUCTION

NO BID FOR CASHEL \ STREET BUILDING „“A few years ago for a profMl like this we’d have had 50 W • people sitting in this room,” «Bif * Christchurch auctioneer yesterday, fore vainly attempting to get a for a two-storey building. subdtaHF into seven flats, at 15 Cashel sttete .. "The. country isn’t broke, tirtte still plenty of income coming wjj it," said the auctioneer. But no ■* was received from any of tho “ people present at the auction. /. The salesman put in a bid hlifilW on behalf of the Public Tru»t * £4OOO. After getting no response bj put in a lower bid—£3Boo—and so«® raises of £lOO. But there wm # no support, and he had to reject» own bid as below the reserve.'' f An advertised sale of a pIWW with a 70ft frontage In Colombo opposite the Sydenham Post Op* was not held. The agent said B»gj ward - that several person* (Wk attended, but none of them 1 genuine buyer. . A block of three self-contained WP on the corner of Barbadoe* and Ug* field streets was passed in at b’ddi tW ° per Sons out of -•—--■ J, jgqadJi