PROPERTY PRICES
A fair idea of wartime values of city business properties was provided by the recent sale of three shops and a private "hotel in one block, situated lin Cuba Street, Nos. 154 and 156, near I what was known as Veitch and Allan's I Corner. The sale was on behalf of the Guardian Trust and was made by S. G. Nathan and Co. The frontage to Cuba Street is 41ft lOin tapering at the - back vto 43ft lin and having a 'depth of 158 ft. The property formed part of the estate of the late A. E. Tatum, and was sold by auction, realising between £13,000 and £14,000. ' The other property in the same estate also sold by Messrs. Nathan, consisted of two wooden shops fronting Riddiford Street and measuring 39ft and passing through' to Rintoul Street, being 80ft in depth. It went for £1300. Typical of suburban values was; a residential property on Khandallah Road, with a six-roomed bungalow dwelling on land with a 60ft frontage and a depth of 170 ft, the < grounds well laid out. This1 brought £1800 under, the hammer. A five-roomed modern bungalow in Henderson Street, Karori, on land measuring 49ft 6in arid 149 ft 6in deep sold for £1825. Seven beach sections at Paraparaumu of one-fifth of an acre , each went for £125 to £300 according to their proximity to the beach. ■
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Bibliographic details
Evening Post, Volume CXXXVI, Issue 2, 2 July 1943, Page 3
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230PROPERTY PRICES Evening Post, Volume CXXXVI, Issue 2, 2 July 1943, Page 3
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