A £100 investment 45 years ago realised more than $1
million yesterday, when an undeveloped site at Lake Hayes went
under the hammer.
Locations' senior auctioneer Alan Sutton said more than 30
people attended the auction at 89 Lake Hayes-Arrowtown Rd, at
the edge of Lake Hayes.
The site attracted 58 bids, with the 809sq m site eventually
selling for $1,205,000.
The rateable value of the property was $1,025,000, Mr Sutton