South Melbourne pub conversion sold at Super Saturday auction

March 25, 2018 by  

Following Melbourne’s first Super Saturday of 2018 at the end of February, a South Melbourne pub conversion, previously owned by an Aussie rock and roll legend, has been successfully been sold.

Around 1,485 auctions were scheduled for Melbourne in the last week of February, which showed good signs indicating the housing market is picking up speed. Core Logic also recorded a rough 71% of auction clearance rate during that period. According to industry experts, the big auction week serves as the first test for the auction market in Melbourne for 2018, and the results were quite satisfactory.

According to real estate agent Adrian Wood from Marshall White Port Philip, part of the reason why one of the buyers was attracted to the pub-converted house was its underground keg room and cellar, which date back to 1877. That buyer was also quoted to be “quite a wine connoisseur”. Wood added that there was potential for excavating the cellar to make more room, or even for adding a rooftop garden to the property.

For those interested in finding out more about the latest auction schedules, real estate agents are the best people to contact. Their contact details can be obtained via word of mouth or from business cards, and they can recommend properties not listed on the auction market.