Funeral home goes to local buyer
Thursday, 28th February, 2019
By Emily McInerney
The Fred J Potter and Son building sold for $270,000 at auction yesterday.
First National sales agent and auctioneer, Mitchell Halpin, said interest in buying the funeral home had been keen.
“We are happy with the interest we had over the six weeks,” said Mr Halpin.
“There was good competition with strong bidding between two parties.”
Mr Halpin said he spoke with the vendor and they were happy with the price.
“The building, which is purely an investment, was purchased by a local business owner.
“Fred J Potter’s Funeral Homes have a long-term lease and we were selling the building.”
The bidding started with an opening bid of $230,000, quickly jumped to $240,000. and it wasn’t long before it reached $270,000.
In January, the auction sign went up in front of the building with the business owners telling locals not to worry.
Kimberley Fell and Chris McInnes have been running Fred J Potter and Son after it went into liquidation at the end of 2016.
They said they had worked really hard over the last few years.
The building is part of the previous estate and the businesses owners were
hoping to secure the building as
“We were hoping to purchase the building,” Ms Fell said last month.
“It is a tenanted property and we have a 15-year lease. Whoever takes it over has to honour that.”