LESS than a quarter of 21 prime Port Campbell properties were sold at auction in Warrnambool yesterday.
But the selling agent is hopeful the remaining properties will be sold over the weekend.
Two vacant lots in Pitcher Street, a two-bedroom cottage on Hennessy Street and a three-bedroom home on Morris Street all sold for a combined total of just over $1 million.
One of 12 villas for sale on McCue Street was sold after auction for $195,001.
Selling agent John Castran told The Standard he was negotiating offers on the Southern Ocean Motor Inn, a three-bedroom cottage on Hennessy Street and two of the McCue Street villas yesterday.
“We will know more by Sunday, but we are very confident the properties will sell,” he said.
“We had eight appointments to inspect villas at McCue Street after the auctions.”
The Southern Ocean Motor Inn attracted a bid of $1.8 million but was passed in.
Mr Castran said the vendors were considering a $2.1 million offer yesterday afternoon.
The one-off “fire sale” came about after property developers Peter Barraclough and Richard Alston decided to pull their money out of the town and concentrate on properties in Melbourne.
Included in the sale was the site earmarked for the controversial Southern Ocean Beach House development. Mr Barraclough said last month it was with reluctance the pair was selling up.
“In our business, you just can’t do everything and at the age of 60 you should be starting to slow down,” he said.
The properties went under the hammer at Warrnambool’s Quality Suites Deep Blue in front of a crowd of almost 100 people.
“I was surprised and very pleased with the turnout,” Mr Castran said.