Topics:  john doherty, property auctions

Buyers bid for Doherty land

POTENTIAL buyers remain locked in negotiation over a number of parcels of land put up for auction in Warwick today by receivers acting for local development identity John Doherty.

Oehlmann's Farm just north of Warwick reached a top bid of $360,000, while four adjoining lifestyle blocks attracted limited competition.

The land parcels are part of a large portfolio of properties owned by Mr Doherty and partner Janette Gilchrist now under the control of receivers Ernst and Young, with the couple also subject to legal action by northern New South Wales finance group Westlawn.

This morning's auction at the Coachmans Inn in Warwick got under way at 11am, with 18 registered bidders.

The 64 hectare Oehlmann's Farm was the first property to be offered, with bidding starting at $100,000 and the Elders auctioneer being instructed by Ernst and Young to "work harder" when it reached $300,000.

Of the four lifestyle blocks the smallest, at 7.27ha, reached a top bid of $150,000, while another 13.28ha parcel with an existing sand mining lease brought a top bid of $60,000, from lease holder Warren McDonald.

Of the two remaining lots, one with an area of 8.89ha reached a top bid of$170,000 and the other comprising 9.69ha went to $130,000.

Marketing agents Brent Bowles of Property Specialists and Andrew Williams of Elders began negotiating with potential buyers after the close of the auction.

See tomorrow's print edition of the Daily News for an update.



Local Real Estate

Featured Jobs

Warwick jobs listed daily



Around the Network

Local Partners

LATEST DEALS AND OFFERS

Have Your Say

Balancing the books: Queensland's...
Learn More

WIN A CAR

Win a Mitsubishi Mirage
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Property Listings

Search for a property online right now.
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

Horoscopes

Aries

You could be almost terrified waiting for some news, particularly if this is from a government department or employer. Distract yourself to...

read more

Marketplace

Special Offers & Promotions

Compare & Save