BIG PROPERTY DEAL
CITY SHOP PREMISES PRICE APPROACHING £15,000 (Special to Daily Times) CHRISTCHURCH, Jan. 13. A deal in valuable shop property in the city has been completed. The premises sold are those known as the Harris Shoe Depot, at 691 Colombo street, adjoining the south side of Kincaids, Ltd., grocers. Tile building, a two-storeyed one, has a frontage of more than 16 feet to Colombo street, and a depth of a little more than a chain, _ The vendors were Mrs F. J. Harris and Mr C. E. Good, of Christchurch, who have been carrying on the Harris Shoe Depot in partnership. The actual purchase price and the names of the purchasers have not been disclosed, but it is understood that an amount approaching £15,000 was paid for the property. The new owners have not yet decided what use will eventually be made of the building, but it is believed that they intend to hold it in the meantime for investment purposes. An interesting feature of the building is that it has had only two occupiers in the 60 years It has been up. It built under the terms of a building lease by Kincaids, Ltd., and they occupied it for 26 years. Harris’s Shoe Depot followed Kincaids, and has been there ever since.
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Bibliographic details
Otago Daily Times, Issue 23707, 14 January 1939, Page 14
Word Count
214BIG PROPERTY DEAL Otago Daily Times, Issue 23707, 14 January 1939, Page 14
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