Newspaper Article 1994 – $360,000 doesn’t buy Franssen house

$360,000 doesn’t buy Franssen house

Auctioneer Terry Coxon, holding the conditions of sale, at the auction yesterday of the landmark Hastings home of the late Will Franssen.

The house was passed in at $360,000, well below its government valuation of $522,000.

About 80 people attended the sale on the property in Fitzroy Avenue.

Mr Coxon said the home was one of the best in Hastings. Both the house and Mr Franssen were Hastings landmarks.

Agents are negotiating with two parties for the 5643 square-metre property and house.

Meanwhile, Mana Lodge, Poukawa, was passed in at $640,000 at auction yesterday.

Bidding for the 500 square metre home set in 18 hectares of land started at $500,000. More than 20 people attended the auction.

United Realty spokesman Barry Jones said negotiations were continuing with the highest bidder.