HAMILTON PROPERTY.

New Zealand Herald, Volume LX, Issue 18519, 2 October 1923, Page 8

HAMILTON PROPERTY.

BUSINESS BLOCK SOLD. .VICTORIA ST. FRONTAGE. PRICE EQUALS £310 A FOOT. —— ■ •', ; [BT TELEGRAPH.—OWN ; CORRESPONDENT. J | " -. HAMILTON, Monday. ; An important! property sale 'was comoleted in ;. Hamilton to-day when '.: Mr. ;; V; ■ J. Lamer, of Auckland, purchased the business block known V as the Elsewick Chambers. Tho -/property-!'■ has- lOOft. frontage to Victoria Street and is in the centre of the town. , The' purchase price was £31,000 or £310 [ per foot. Messrs. C. H. v Chester man and J. H. * Revell negotiated the deal. • •• ■ ' ■ - The healthier financial outlook has promoted activity in the property market in other directions., houses and farms, as well as business premises \ changing hands. Builders are also busy, : chiefly on houses to accommodate the rapidly increasing population. '-. . • • There are also a number of substantial business premises in course of erection in the main street and suburbs. During the past twelve months Grey Street, the main . thoroughfare of Hamilton East, .has bean completely transformed and is now a busy business street. The Public Trust Office has purchased a large section opposite the Farmers' ■ Auctioneering Company's premises in Victoria ' Street North where it is proposed to erect an expensive -building at an early date. The lower part of Victoria Street, from which the town has been receding for several years, is now showing signs. of progress. A large new building is being erected at the corner of Knox and. Victoria Streets, while the opposite corner recently changed hands. ' . ~ At the Frankton end of the borough building activity has been remarkable and . the empty spaces " which .formerly marked Commerce Street are being rapidly filled by shops of a very good class. The suburbs everywhere are undergoing a great! transformation, and the town is extending in all directions.' What a few years ago were ; farming . lands are now suburban areas covered with houses of a splendid type. ,'.,'-.■"