SOLDONLINE.COM.AU is Australia’s premier online property auction provider that provides simple, secure and stress free online property auctions for residential, commercial and rural properties.
The Surf Motel was marketed by Garry Strudwick Real Estate to potential buyers using the online auction campaign with bidding starting on 13 August and selling for a price of $1,922,000 on 23 August 2010.
Director of SOLDONLINE.COM.AU and Licensed Real Estate Auctioneer, David Scholes said, “SOLDONLINE.COM.AU allows prospective buyers to bid from anywhere in the world allowing for a greater variety of bidders.”
“The process gives buyers more control in the bidding process allowing decisions to be made in their own time wherever they are.”
“The property was visited in excess of 1,500 times over a ten day period and 23 contracts were downloaded with 8 registered bidders from Western Australia, the New England area, the Hunter Valley and Queensland.”
“The Yamba Surf Motel was a wonderful opportunity to buy a prime piece of Yamba real estate with an already high occupancy rate and a zone 2 (t) tourism allowing for future redevelopment options,” said Mr Scholes.
Owner of The Surf Motel, Yamba, Jan Dampney said, “I am delighted with the results achieved through SOLDONLINE.COM.AU. An extraordinary 27 bids were received during the bidding time leading to an excellent result.”
“SOLDONLINE.COM.AU allows interested parties to bid online from the comfort of their homes or offices.”
“Bidders did not need to make a return journey to Yamba in order to place their bids, erasing much of the hassle usually associated with traditional auctions.”
“Agents all over Australia could use this excellent method of auction to achieve similar results,” said Mr Dampney.
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