Killcare store sells for $1.6M

A local landmark on the Bouddi Peninsula was sold at auction for $1.6 million on June 13.

Killcare Cellars and General Store was sold as a mortgagee in possession auction by local real estate Ray White of Killcare, according to Hardy's Bay Resident's Group publicity officer Mr Alan Wilson.

Mr Wilson said: "The auction attracted strong community interest with a crowd estimated at almost 300 in attendance.

"The bidding for the 1972 property, rich in sentimental value, opened at $800,000 and the 69 bidders set a new high in numbers for East Coast Auctions, who were engaged by the local real estate company to handle the auction," Mr Wilson said.

"It is understood that the business will be family-owned and will continue to operate as a bottle shop and general store in meeting the needs of the community,

"Settlement is expected at the end of July."

Press release, 15 Jun 2010 Alan Wilson, Hardy's Bay Resident's Group