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 Barossa properties under the hammer 

Barossa properties under the hammer

31 Aug, 2010 03:20 PM
It was a case of auctioneers’ gavels falling two out of three times in the past week as Barossa’s prominent properties went to auction.

Firstly, while the ‘million dollar views’ from the former Murdock winery site, near Tanunda, didn’t attract the same price tag at Friday morning’s auction - it certainly drew a crowd.

The site, at the corner of Magnolia and Vine Vale roads, fell slightly short securing a final bid of $920,000 from a Barossa investor.

According to auctioneer David Cook from Ray White in Clare, he was pleased with the auction’s outcome. The sale involved 72 inspections with 18 registrations made prior to the auction.

Mr Cook said the gentleman purchaser would soon share his ideas for the site, with the plans certain to please the Barossa community.

Mr Cook added bidding on the day was lively with a starting price of $650,000, which increased by $10,000 increments. It soon became a bidding war between two parties who each increased their bids by $5000.

The property boasted a state-of-the-art house, cellar door/kitchen all set on 29 acres, 22 of which are under vineyard, and a five-bay shed and a fully insulated wine storage shed.

Secondly, on Sunday - the former Tanunda Library building sold for $550,000 under the direction of Barossa Real Estate.

More than 60 people showed up for the auction, with five registered bidders.

Kate Milroy, also a sales consultant from Elders Real Estate Gawler, acted as a proxy bidder for the successful purchaser - believed to be a Barossa couple.

Ms Milroy explained the building would be transformed into a regional outlet with a focus on wine, produce and entertainment under the boutique Barossa brand.

“Given its town centre position and commercial zoning, this property has great potential for a variety of uses,” Ms Milroy said.

“Down the track the vision is for live local music, food and wine, set in a warm and inviting atmosphere,” she added.

The development is subject to council approval. Also, funds from the sale will be used for construction works of the new library and visitor information centre, located across the road from the former library.

Lastly, Craker Holdings in Nuriootpa struggled to attract a starting bid, as about 60 showed up for the auction held yesterday morning (Tuesday).

While Brock Harcourts Commercial auctioneer Lindsay Warner indicated the owners were keen to hit the million dollar mark, a final bid sat at $925,000.

The bidding, involving two outside parties, started at $800,000 and included vendor bids of $25,000 made by the auctioneer.

Up for sale was 153-157 Murray Street, which included a showroom/workshop and a total building area of 1352 square metres, plus land.

The price was still being negotiated.

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Posted by fifo, 5/09/2010 10:34:09 PM, on Barossa & Light Herald

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INTEREST SHOWN: About 60 people showed up for the Craker Holdings auction.
INTEREST SHOWN: About 60 people showed up for the Craker Holdings auction.

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