VIC

Jonathan Chancellor | 20 January 2013

Portsea bathing box fetches $440,000 at RT Edgar auction

The auction of a prized Portsea bathing box yielded $440,000 at its RT Edgar auction today.

The Portsea bathing box had been listed with conservative $350,000 hopes.

There were two bidders at the twilight onsite auction conducted by RT Edgar Real Estate Portsea agents Warwick Anderson and Ilze Moran.

In January 2011 a Portsea box set a record $585,000 when five bidders fought for the property at ITS RT Edgar auction. Another fetched $455,000 in January 2010. There had been a record $362,500 sale in January 2008.

While today's listing is among the prized Shelley Beach boxes, it is set well back from the water and a bit far up the beach too, so more of interest to just the immediate surrounding properties than the ones sold in recent years.

A Rye bathing box fetched $400,000 on Saturday in what the market has quickly viewed as an out-of- line sale for the Tyrone foreshore.

RT Edgar also conducted the auction, which attracted 200 plus attendees despite its low-key marketing.

Another Rye bathing box was passed in at weekend auction at $170,000 – around market expectations – through through Emil Foller from Bennison MacKinnon Sorrento.

Last summer Title Tattle recalls another Rye beach bathing box without power or water sold for a record $275,000.

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