No sale despite genuine bidding
A FORMER proposed youth detention centre west of Warwick and the former Supacheap building in Grafton Street were among the six properties passed in at auction yesterday.
Warwick Elders Real Estate principal Andrew Williams said even though the properties did not sell under the hammer, the presence of eleven registered bidders was “encouragement” for auctioneer John Burke.
“It's encouraging as there was genuine bidding on the floor,” Mr Williams said.
“We had a number of phone bidders with one man from North Queensland.
“On about three of the items we're confident of a successful outcome.”
The eloquent fast-talker Mr Burke had his work cut out for him as he was greeted by silence when the 40-acre 10-bedroom Cactus Ridge property passed in front of a crowd of about 30.
The impressive residence was originally built to house troubled youth as part of a failed intervention program.
The 110 Grafton Street commercial property generated some interest with one bid of $400,000.
“There's been two or three conditional interests on the Cactus Ridge property,” Mr Burke said.
“Overall the market is slow but auctions are a good way to bring things to a head by having the property in front of people.”