RECORD LONDON LEASE.
TEN THOUSAND YEARS. LOOKING WELL TO THE FUTURE ■ Two London houses in Bury street, St. Marv Axe, have just been sold on a lease of £2OO a- year for 10,000 years. This means that they will produce £2,000,000 in what is equivalent to ground rent, but, assuming that no change of ownership takes place in the Jong meantime, it will be a singularly remote descendant of the present purchaser who draws the last quarterly payment. The lease is believed to be the longest in the City of London; it is probably the longest in the world. To go back, instead of forward, 10,000 years, would take one to a. point in time long before the First Dynasty of Kings arose in,Egypt. What London will be like in 10,000 years’ time it a little difficult to forecast. Whether there will .be any houses, or any Bury street, or any St. Mary Axe,' or even any London, is n matter of speculation. At any rate, it must he comforting to the purchaser to know that he. is not in any immediate danger of losing his £2OO a year *
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Bibliographic details
Hawera Star, Volume XLVI, 12 February 1927, Page 12
Word Count
189RECORD LONDON LEASE. Hawera Star, Volume XLVI, 12 February 1927, Page 12
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