All eyes will be on this prominent Inverloch landmark next Saturday, November 1 when it goes to auction at 12 noon. The auction will signal the start of the selling season locally and the main street is likely to be a-buzz with interest and activity. M534314
MELBOURNE Cup Weekend signals the traditional start of the spring-summer selling season along the Bass Coast and this weekend, the focus of attention will be firmly on Inverloch’s main street.
Here’s where the push to the coast will start in earnest with the auction sale of 2-4 Williams Street, a Commercially-zoned property of 2360m2.
Together with an adjoining residential property, facing Hopetoun Street, there’s the potential to develop over 3000m2 of retail-cum-residential space, subject to council approval.
Interest has been very strong but the extent to which that translates into bids and a sale on the day is what this process is all about,” said Scott Hughes, the selling agent for LJ Hooker in Inverloch.
“It’s been a mixture of interest really; local, people from Melbourne, from the Latrobe Valley and nationally.
“But the fact is, people who might be interested don’t necessarily have to contact us.
“The property is very straight forward. There’s no lease arrangements in place to hold up development if that’s the way a prospective buyer wants to go but the tenants are also just as happy to keep enjoying the prominent position they have, and to keep trading.
“Those interested may be playing their cards close to their chest, they can make their own inquiries and see what happens on the day.
“Everyone knows a lot more about the auction process these days and you’ll often see people very interested in buying at a price but they’ll hang back to see what others do.
“But this property is very genuinely available for sale on the day and you wouldn’t want to miss a chance like this. In fact, I’d confidently say there isn’t a chance like this.”
Mr Hughes said that while some investors might have an immediate use for the site, it’s also quite possible that investors might buy it as part of their ‘land bank’ portfolio, collecting some rent while they waited for the right time to on-sell the property or to develop it.
“Not only has there been a lot of interest from possible buyers but I’ve also had a lot of people comment about it and how interested they are to see if someone else buys it and develops it.
“One local bloke said he would be taking the day off sport to see what happens.
“This could potentially open a new chapter in the development of the town centre and as well as being hopeful about the auction taking off, it’s also exciting to think about what might follow.”
Mr Hughes said that while Melbourne Cup Weekend was the traditional start to the selling season, there had already been a good level of interest from both buyers and sellers.
“We have done a number of appraisals lately, for properties in Wonthaggi, Inverloch and Cape Paterson which could result in some excellent properties coming on to the market.
“We’ve got a wide selection of options and it looks like being a good summer.”
Mr Hughes said the Melbourne market had on the boil, peaking last Saturday, but with the Spring Carnival intervening, interest would start to swing to the coastal areas as well.
“We’ve really got so much to offer down here and a feature auction like the one we have next Saturday, does shine the spotlight on Inverloch and its potential.
“Will it sell on the day, look I think it probably will, but it’s been such a difficult one to value that it’s hard to be sure.
“It’s certainly quite an exciting prospect to be opening up a one-of-a-kind site like this to a new future.”
The auction will be held on site at 2-4 Williams Street at 12 noon, right at the height of the holiday weekend activity in Inverloch.
Top tips for getting a property ready to sell
Half-empty closets: Storage is something every buyer is looking for and can never have enough of. Take half the stuff out of your closets then neatly organise what’s left in there.
Buyers will snoop, so be sure to keep all your closets and cabinets clean and tidy.
Light it up: Maximise the light in your home. After location, good light is the one thing that every buyer cites that they want in a home.
Take down the drapes, clean the windows, change the lampshades, increase the wattage of your light bulbs and cut the bushes outside to let in sunshine.
Do what you have to do make your house bright and cheery – it will make it more sellable.
Conceal the critters: You might think a cuddly dog would warm the hearts of potential buyers, but you’d be wrong. Not everybody is a dog- or cat-lover.
Buyers don’t want to walk in your home and see a bowl full of dog food, smell the kitty litter box or have tufts of pet hair stuck to their clothes.
It will give buyers the impression that your house is not clean. If you’re planning an open house, send the critters to a pet hotel for the day.
De-Personalise: Pack up those personal photographs and family heirlooms. Buyers can’t see past personal artifacts, and you don’t want them to be distracted. You want buyers to imagine their own photos on the walls, and they can’t do that if yours are there.
Make Minor Repairs: Replace cracked floor or bench tiles, patch holes in walls, fix leaky faucets, fix doors that don’t close properly and kitchen drawers that jam, consider painting your walls neutral colours, especially if you have grown accustomed to purple or pink walls.
‘Don’t give buyers any reason to remember your home as “the house with the orange bathroom.’
Check Curb Appeal: If a buyer won’t get out of her agent’s car because she doesn’t like the exterior of your home, you’ll never get her inside. Keep the sidewalks cleared, mow the lawn, paint faded window trims, plant yellow flowers or group flower pots together. Yellow evokes a buying emotion, trim your bushes, make sure visitors can clearly read your house number.