No Sale: Court Street Vacant Lot Auction
This afternoon [Mar 31] an auction was held for Lot #16 located on the corner of Court Street and Angle Street, Hamilton. The lot size is 50ft by 61ft for a total of 3,050 sq feet. The property was being auctioned off by the Bank of Bermuda, and the auctioneer was Leonard Gibbons.
The requested opening bid was $400,000, with an $875,000 reserve price. There appeared to be four interested persons, including at least one condo developer. The auction resulted in one bid of $400,000 which was not accepted as it was well under the reserve price, resulting in no sale.
Bernews understand the lot has been vacant for many years, possibly decades.
