UP FOR SALE: Auctioneer Wilson Cregan (centre foreground) talks to real estate agent John Brophy before passing in the Rosebank
UP FOR SALE: Auctioneer Wilson Cregan (centre foreground) talks to real estate agent John Brophy before passing in the Rosebank

Rosebank store still for sale

By HELEN JACK

TO the relief of the Rosebank Community Co-op, the local shop is still for sale after it was passed in without a bid on Saturday.

Close to 70 people gathered for the auction of the property which includes the shop, a three-bedroom residence and a tennis court.

Auctioneer Wilson Cregan said he was surprised that no one made a bid on the iconic property.

"This is a one-off property, well known in the community," he said.

Representatives of Rosebank Community Co-op were pleased the property was passed-in, allowing them to enter negotiations to purchase the historic building.

The co-op is hoping to buy the shop and maintain its current use as a shop as well as offering organic produce and bulk foods for sale. The co-op is also hoping to reopen the shop's art gallery and continue its function as a cafe and restaurant.

Ray White Byron Bay real estate agent Janis Perkins, who is handling the sale, said she was in negotiations with three parties wishing to buy the property.

"There is no rush to sell this property," she said.

"We just want a successful outcome for every one.

"I was surprised that there was no bid because there was so much interest displayed before the auction."

Ms Perkins said she had spoken to representatives of the co-op at length, who were very keen to put in a bid.

But by Sunday evening no deal was sealed to purchase the property.

Co-op spokeswoman Lydia Kindred said they were working hard to gather as many pledges of support from the community as possible.

"We need as many people as possible to buy shares in the co-op," she said. "The more we sell, the less money we will need to borrow."

For share information call Lydia on 6686 2220.



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