‘Lorne – Market Round up’. The Queens Birthday weekend re-inforced just how well guarded and cautious those in the market really are. As auctioneer of Inlet Lodge at 26 – 28 Aireys Street, Aireys Inlet I experienced a result that re–inforced the lac
k of confidence that exists in the market place. After unsuccessfully offering the property at auction and passing it in on a vendor bid of $1.7m and stressing that the highest unsuccessful bidder would have order viagra online the exclusive right to purchase the property at the vendors reserve price the action then started. Five interested parties all then expressing their interest to want to make a purchase with the property being offered for private sale at $2m. The strength in the market is still there but confidence to act is not.
After an hour and a half of intense negotiations the property was sold for an undisclosed figure in excess of the vendors reserve price, and surprise surprise the under bidders where disillusioned with the process. Folks the moral of the story is that when a property is offered for sale by public auction and the auctioneer provides the opportunity for the highest unsuccessful bidder to purchase the property at the vendor’s reserve price you must bid if you wish to secure the right to exclusively deal with the vendor.
Saturday 16th
12- 12.30pm 52A Dorman Street Lorne
1 -1.45pm 264 Mountjoy Parade Lorne
Sunday 17th
12 – 12.30pm 52A Dorman Street Lorne
‘Lorne – You must have a look at this’. The property “Yuruga” at 264 Mountjoy Parade presents a magnificent opportunity to secure an absolute beach front opportunity whether it be the house alone a beach front block or the combination of all, the vendor has instructed that he wants
it SOLD. When the site was last offered for sale by pubic tender at around $6m in 2010 there
was good interest in the property but not quite the price.
With a super motivated seller the opportunity to secure parts or the whole of Yuruga for potentially 30 – 40% less than what was originally being asked.
‘Lorne – Great Local Slang. That’s stiff cheek mate – “That’s bad luck”
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Ian Stewart
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