PASSED IN - $2,350,000

With yachts sailing on the bay, a gorgeous sunny afternoon welcomed this Albert Park auction. The assembled group of 65 stood in the shade of the many palm trees. Auctioneer Greg Hocking described the opportunity on offer as a “very rare occurrence.” He said the property offered a “blank canvas” to prospective buyers and that the location “speaks for itself.” A vendor bid of $2,350,000 commenced proceedings and Mr Hocking looked for rises of $25,000. Despite Mr Hocking’s best efforts to create a contest, all in attendance stood silently. After consulting with the vendors Mr Hocking looked for rises of $10,000, however with no bidding on the day the property was passed in.

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