A WEST End property that has been held by the same family for more than 70 years will go under the hammer at 1pm on Saturday.
With two titles across 1239sq m of land — a vacant lot of 632sq m on Lower Hardgrave Road and a character house on 607sq m facing Doris Street — the auction is expected to be hotly contested.
Ray White South Brisbane agent Luke Croft said the house had been vacant for about seven years, and had previously been owned by two Greek brothers, with one family living upstairs and the other downstairs.
He said the property — which will be auctioned in two lots — was a rare find in the heritage area.
“It (the house) is definitely a renovator,” he said. “Structurally it is fine but it was built in the 1930s and the last renovation was in the 1950s so it is dated.
“So far we have had a lot of interested from buyers who want to renovate the house, buyers who want to build their dream home on the vacant lot and developers who want both blocks for a development project.”
Mr Croft said there were already four registered bidders for the auction, which will start at 12.30pm on Saturday.
He said the vacant land, in particular, was highly sought after, as it was hard to find in the sought-after suburb.
“This is blue chip property and it doesn’t come up often,” he said.
“Most of the houses in the houses in the area are pre-war so come under the demolition control plan so vacant land is rare.”
As for the house, Mr Croft said a cosmetic makeover would make it liveable almost immediately.
He said the property was surrounded by multimillion-dollar houses.
“Regardless of what happens, we already have one written offer on the house and one written offer on the land,” he said.
“No matter what anyone says, we are busy. The average block in West End is 402sq m so this is a good find.”