This article is from the Australian Property Journal archive
THE first Gold Coast commercial property auction event this year has chalked up more than $13 million in sales.
Ray White Commercial’s senior director for auctions and investment services Richard Impiombato said 12 of the 23 properties sold with four other properties close to going under contract.
More than 200 people attended the event at the Gold Coast Convention Centre at Broadbeach, with 23 properties offered for sale and 67 registered bidders present.
“The auction has achieved sales on the day of $13.5 million. We had 67 bidders registered and there was keen competition for the offerings with a total of 232 bids,” he added.
The top price achieved on the day was $4.9 million for a tenanted commercial building at 110 Brisbane Rd Labrador, marketed by Ray White Commercial Southport’s Martin Trautmann, which sold prior to auction.
Whilst the most expensive property sold under the hammer was $2.905 million for tenanted commercial buildings at 16-18 Ashmore Rd Bundall, which were marketed by Ray White Commercial Robina’s Kelly Zeckovic.
Australian Property Journal
