Big Property Sale In Middle Of City

Press, Volume CIX, Issue 32073, 22 August 1969, Page 1

Big Property Sale In Middle Of City

Gough, Gough and Hamer, Ltd, engineers and merchants, of Hereford Street, yesterday bought the two-storey building owned by the Union Steam Ship Company, Ltd, at 168 Hereford Street.

The sale was by private treaty for an undisclosed price. The Government valuation of the property is $140,000.

Mr O. T, Gough, executive director of Gough, Gough and Hamer, said last evening that the company planned to build partly on the Union Steam Ship Company’s site, and partly on the site of his own company, next door. This would give a wide frontage on Hereford Street. The present conception was that the new building would be from five to seven storeys. A start might be made within a year. The Union Steam Ship Company’s property will be demolished. The company recently moved to the comer of Colombo and Armagh Streets, where it has a long lease in the building formerly occu-

, pied by T. Armstrong and , Company, Ltd. The present site of Gough, ’ Gough and Hainer, Ltd, runs ! from Hereford Street to Cashel Street. Mr Gough said that the firm i desired to co-operate with the I City Council, which wished to : build a car park, with front I age on Cashel Street, to serve t a pedestrian shopping mall I which would be formed by i closing Cashel Street between High Street and Oxford Ters race to vehicles.

“My firm is willing to sell part of its existing site, fronting Cashel Street, to the council for this to enable the City Council to provide a parking building for the planned shopping mall,” he said. , [Twenty-four Cashel, High and central Colombo Street businessmen have lodged an objection to the proposed shopping mall in the city Council’s district scheme.] The sate of the company's property was conducted by Ford and Hadfield, Ltd.