Igh­est ever land auc­tion for Mt otham

Mt Hotham Falls Creek - - FRONT PAGE -

RECORDS are set to be bro­ken next month when Cas­tran Real Es­tate holds the high­est free­hold land auc­tion in Aus­tralian his­tory.

The auc­tion will be a once in a life­time op­por­tu­nity for in­di­vid­u­als to own prime land in the cen­tre of the pic­turesque Mt Hotham re­sort vil­lage.

Last year on Easter Satur­day one lucky buyer bought a block of lease­hold land at the re­sort at a no-re­serve auc­tion for just $14,000 while the sale of a sec­ond lease­hold block at $18,000 were the cheap­est on the moun­tain in 35 years.

Prices aren’t go­ing to be that low this time round but man­ag­ing di­rec­tor of Cas­tran Real Es­tate John Cas­tran said some of the most af­ford­able free­hold and lease­hold land will be avail­able.

“This is the largest auc­tion ever held of free­hold and lease­hold land and the most sig­nif­i­cant land auc­tion ever held across the Aus­tralian Alps,” Mr Cas­tran said.

“Mt Hotham is the only moun­tain in Aus­tralia where you can buy va­cant al­lot­ments and the only place in the south­ern hemi­sphere where you can buy free­hold at alti­tude.

“Re­serves start at $100,000 and with an ex­tended 12-month set­tle­ment this should be a bo­nanza for in­di­vid­u­als and fam­i­lies want­ing to take ad­van­tage of buy­ing in this premier lo­ca­tion.”

Cur­rently owned by Mount Hotham Ski­ing Com­pany, on of­fer will be 21 free­hold and lease­hold va­cant land al­lot­ments lo­cated on Hot­plate Drive and Lawlers Court.

The auc­tion will be held at The Olsen at 637 Chapel St in South Yarra on Thurs­day, Septem­ber 7, from 12pm.

ON THE HAM­MER: Twenty-one free­hold and lease­hold va­cant land al­lot­ments at Mt Hotham will be auc­tioned next month.

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