A commercial building in central Albury sold for almost $1 million at auction on May 19 after strong bidding from three parties.
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The 305-square metre property on the corner of Swift and Macauley streets, leased by All Glass Albury Wodonga, fetched $965,000.
An ambitious opening offer of $600,000 was quickly upped by a vendor bid of $850,000, placed by Stean Nicholls Real Estate auctioneer Jack Stean.
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It kick-started the auction as the price rose to $870,000 after a pair of $10,000 bids and crept up to $885,000, before a $15,000 increase took it to $900,000.
The two parties continued to exchange $5000 offers as the property reached $930,000 and was on the market at $950,000.
After a break, a third party entered the auction and four more bids were received, before it was sold for $965,000.
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Beau Greenway
Beau Greenway is a journalist at The Border Mail. He likes to tell the stories of great people in our communities. Email: beau.greenway@austcommunitymedia.com.au
Beau Greenway is a journalist at The Border Mail. He likes to tell the stories of great people in our communities. Email: beau.greenway@austcommunitymedia.com.au
