Sail failure
Created: Jun 26, 1992 11:00 AM
A total of eight people turned up for the bidding, which opened at $1.5 million but failed to attract any further offers.
yesterday.
A total of eight people turned up for the bidding, which opened at $1.5 million but failed to attract any further offers.
While the sale of the pool section included a 34-room building, pool, tennis court, beauty salon and parking space, the pool, tennis court and parking space were under a lease for 21 years to the nearby Palm Reef Hotel.
Auctioneer Mr. Benjamin Rego Snr said afterwards that the property was still on the market, adding that owners were hoping to get at least $3 million for the 1.8 acre property.
