HORSHAM’S Commercial Hotel remains on the market after the property was passed in at auction on Wednesday morning.
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Coller Rathgeber Property Group’s Tim Coller and Chris Foley from Chris Foley Brokerage and Real Estate led the auction inside the Wilson Street property.
Mr Foley said the property was being sold on a freehold with vacant possession basis.
More than 40 people attended the auction.
Mr Foley read the freehold and business contracts before auctioneer Mr Coller opened the bidding with a vendor bid for $400,000.
“If there’s not an opportunity here at $400,000, I don’t think I’ve seen one,” Mr Coller said.
However there were no advances on this bid, and the property was passed in.
“We’ll now go back to parties who have inquired with the hope of putting together a sale,” Mr Coller said.
