Rare beachfront property on SA’s Yorke Peninsula sells in million-dollar deal
One Yorke Peninsula property offering prospective buyers a rare chance to own a tightly-held slice of beachfront land has been snapped up in a million-dollar deal.
The 698sq m site at Black Point, one of South Australia’s most popular holidays destinations, sold under the hammer for $1.155 million on the weekend before a crowd of more than 150 people.
Selling agent Scott Bockmann, of Ray White Yorke Peninsula, said six prospective buyers registered to bid for Lot 5 Harvey Crescent, which had been owned by the same family for nearly 70 years.
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“A local from the Yorke Peninsula region brought it,” he said.
“There were about 160 people in attendance at the auction,
“There were neighbours, friends and people staying down there – this time of year it’s a holiday region, of course.”
In addition to the freehold block, Mr Bockmann said there was also an “extremely modest” shack with some shedding on leasehold land.
Mr Bockmann said the block offered buyers a rare opportunity as only a few properties in the area had sold in recent times, with most long-held.
“Properties in Black Point are indeed coveted as there are very few like these that come up on the market,” he said prior to auction.
The sale marks one of the highest in Black Point, property records show.
According to CoreLogic, 10 properties have sold for more than $1 million, the highest being Lot 36 Black Point Drive, which sold in December last year for $1.95 million.