Real Estate

hot auction for safety beach vacant block beach box

Written by The ReReport

No. 47 Beach Box at Safety Beach sold for $230,000 to a buyer who almost didn’t make it to the auction.

THE winning bidder at the season’s first beach box auction almost missed the action when his daughter went into labour.
Buyer Tim Moore rushed from the hospital where his daughter was giving birth just in time to snap up the No. 47 beach box at Safety Beach.
The auction kicked off with a $180,000 bid, with three bidders joining the contest before Mr Moore, a local retiree, won the keys with a $230,000 bid.
The sale was $15,000 above the reserve price.

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Buyer Tim Moore and Ray White, Rosebud, agent Shane Fox celebrating Mr Moore’s new grandchild and beach box purchase.

Mr Moore splashed $230,000 on the bathing box.

Ray White, Rosebud, agent Shane Fox said boxes along the sand didn’t hit the market as often as buyers would like.
“God isn’t making any more beach and the council isn’t allowing for any more sites so they are a rare commodity,” Mr Fox said.
“It has been in the family for many years, close to 40-50 years, the elderly vendor used to play down there as a child and is sad to see the end of an era passed on.”

Mr Fox said the Mornington Peninsula had flourished recently with more buyers looking for the relaxed beachside lifestyle.
“Safety Beach and Dromana have had some unprecedented capital growth over the last three to four years,” he said.
“And beach boxes are a great lifestyle asset.”
The six-figure sum paid for the seaside bathing box sat well below Victoria’s record.
The benchmark was notched in April when a buyer splashed $337,000 on a colourful beach box in blue-chip suburb Brighton.

32 Clipper Quay, Safety BeachA vacant block at 32 Clipper Quay was another successful Safety Beach sale notched on the weekend.

Another successful sale was notched in Safety Beach when a vacant block with its own pontoon, 15m berth and plans for a double-storey home with a pool went under the hammer.
The site at 32 Clipper Quay floated the boat of three bidders.
YPA agent Elke Remscheid said a family purchased the vacant lot and planned to build a house.
Ms Remschied said a $1 million bid started the auction and the hammer fell for an undisclosed price.
The landholding had a $1.795 million-$1,974,500 price guide in the lead up to auction.

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