Central Wodonga industrial property sells at auction for almost $900,000 after strong bidding exchange
STORY ACCREDITATION: The Border Mail, Friday 6 May, 2022 – 4:34PM | WRITTEN BY: Beau Greenway
A central Wodonga industrial property sold for almost $900,000 after a competitive bidding exchange between two parties on Friday.
The ASDA Sheds and Garages and Fair Dinkum Sheds building on the corner of Huon and Hovell Streets went for $890,000.
Auctioneer Andrew Dixon placed a vendor bid of $750,000 before the first offer was received at $770,000.
It quickly jumped to $820,000 before a series of bids in $5000 increments were lodged by the two parties and a final result of $890,000 was reached.
“It was good bidding. The buyer was a Wodonga entity and the losing bidder was a Wodonga investor,” Mr Dixon said.
The property has owner-occupier potential, with a three-bedroom residence that has frontage on Huon Street included on the site.