GISBORNE VALUES
(United Press Association:) * GISBORiSTfe, Jan. il. . A- record price "syas established"^-fori-a-town property business area- to-day, when af.2l years' lease of ,an education reserve •vjith one road- frontage of 66' feet to. Gladstone road was sold l at the Lands Office at an annual reptal of £700.. , ~T*h&, section was prigin^ly-,..letin April,.;lQ&4 JP for £75 rental.:* Td^a'ay's l price, capitalised at •' 5 .-per vcsnt?, .represents - £212 perfect for £14,000-capital value." ,> The' highest previous pricp in this.Jocality.was £l6O per foot: "
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https://paperspast.natlib.govt.nz/newspapers/NEM19150112.2.15
Bibliographic details
Nelson Evening Mail, Volume XLVIII, Issue XLVIII, 12 January 1915, Page 2
Word Count
80GISBORNE VALUES Nelson Evening Mail, Volume XLVIII, Issue XLVIII, 12 January 1915, Page 2
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