Talks continue over 'unsaleable house'

Negotiations are continuing over a property dubbed the "unsaleable house" after it failed to reach its auction reserve price yesterday.

The leasehold property at 7 Geraldine Place, Kohimarama, was passed in at $100,000 when it went under the hammer at the Autumn Home Show yesterday.

The auction, which started at $50,000, attracted 100 people and featured three active bidders. The highest bidder for the run-down corrugated iron home was last night in negotiations with the owners.

Part-owner Deborah Quigley put the three-bedroom property on the market a year ago but it attracted very little interest. She had been ordered by the bank to find a buyer by the end of the month.

To read the full NZ Herald story click here

Posted: 30 Mar 2009

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