HIGH RENTS IN LONDON.

New Zealand Herald, Volume XLIV, Issue 13453, 1 June 1907, Page 5 (Supplement)

HIGH RENTS IN LONDON.

Whiting in fho April Chambers' Journal on The Heart of Things," which is London, Mr. Henry Leach notes that in Cornhill, which is said to be the highest-rented spot on earth, a single room has been let for over £2000 a year. There is, he writes : — "A very small shop and basement in Bond-street which lets for £1000 a year, and the rest of the house in proportion. Some of the houses in Park Lane have been rented at £10,000 a year, and one in Hamilton Place was recently offered for sale at £40,000. "The County Council paid £54 a square foot, or at the rate of over a million and a-quarter an acre, for a piece of ground at the comer of St. James'-street and Piccadilly. " The Lord Mayor says that the lowest calculation of the rental'value of the Mansion House is £50,000 a year, and over one million pounds has been refused for Ithe church in Anstinfriars." By way of contrast, Mr. Leach records the "case of sixteen houses in Limchouse, the tenant. 1 .- of which had paid no rent for years, as nobody knew the owners. " The houses are now being pulled down, the .owners being still unknown." .