The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1856-09-03
VALUE OF BUILDING LOTS.

The Builder, London periodica'
recently published the following with
reference to the value of ground III thu
central business portions of London.
The comparison as to the relative value
of ground in New York and London, and
some statements respecting the land in
the business portion of the city, will as
touish those who have never inquired in
to the subject -
"Some land il Finch Lane, opposite
the Aussralasian Band, reccntly let on
building lease by the Merchant Tailols'
Company, produced about iifteen pounds
a foot as groundrent, the depth beirg
on the south side of Cormhlll, recently
rented by the Messis. Savory AID the
County Hire Ofice, are subject to
grouudrent of one Thousand two hun
| dred pounds per annum. The frontage
is about fifty four feet, aud the depth
| eighty feet. strd calculating as in former
'ttSC6, kdC tbC ldtC pi 'h-i%y S|aiS fUi
chase, } the cost per acre amounts to four
hundred and seventy Thousand pounds
Again, the block of buiidiugs called the
Royal Exchange Buildings, occupying
an area of four thousand to five thou
sand feet, produced a gross rental of ten
thousand pounds year. Travelling
Nav, Hannan
of land opposite the triangular plot ad-
joining ST Paul's, containing about four
thousand five hundred superficial fcot,
has been let at a groundrent of Que
thousand FIVE hundred aud fifty pounds
year, which. a: thirty years purchase,
produces about four hundred aud eighty
;houS md pounds an acre. To cap them
ali, however, we must go back to the
plo; Of ground at the north east corner
Of Thread needle-street and Finch Lane.
belonging to Mr.. Alderman Moon, the
present Lord Mayor, which, report says,
has been recently let at groundrent of
one thousand pounds per annum. The
superficial area of this place is about
one thousand six hundred feet, and cal
culating the ground-rent at thirty years
purchase, we find its value is at the rate
of eight hundred and forty thousand
pounds per acre. Much has been writ
ten about the value of the triangular
plot of land between New Cannon street
and St. Paul's. The area of the plot is
six thousand two hundred and seventy
feet, and we understand positive offer
rent of two thousand pounds year,
which would produce, at thirty years
purchase, the sum named, (sixty thou
sand pounds,) being at the rate of four
hundred and twenty thousand pounds an
acre. We need scarcely give any ad-
ditional examples to prove the enormous
value to which land in the city Of Lon
don has arrived"
The above figures are indeed large,
but we shall see whether they may not
be equalled, and perhaps exceeded, BY
New Y ork valuations.
The lot corner of William-street and
Exchange Place, eighty feet deep, and,
on an average, thirty-four feet four and
= half inches wide, containing two thou
sand seven hundred and sixty superficial
feet, was sold to the Bank of the State
of New Y ork for eighty thousand dol
lars, and one hundred thousand dollars
have since been offered for it. At the
latter valuation, per acre, it amounts to
one million five hundred and seventy
eight thousand two hundred and sixty
one dollars, or about three hundred and
twenty-six thousand and eighty-seVen
pounds. The lot on the lower corner of
Broadway and Wall-street, thirty feet
by forty, containing one thousand two
hundred square feet, is held and may be
sold for one hundred thousand dollars.
This is at the rate of three million six
hundred and thirty thousand dollars an
acre, or about seven hundred and fifty
thousand pounds. The lot corner of
Nassau and Wall streets, on which the
Express {newspapsr) buildings stand, is
INVENTIVE feet by ninety, and is held st