Sold for $1 million

A property in the commercial area of Woy Woy has sold for over $1 million.

The building formally occupied by the Department of Community Services at 113 Blackwall Rd, Woy Woy, sold for $1.08 million.

Mr Jim Martin from Wilsons Estate Agency said: "We attracted interest from over 25 different people and we had 31 bids at the auction from eight different parties."

The company that bought the property wishes to remain anonymous, but plans to lease the property to an individual tenant.

Mr Martin believes the 716 square metre property sold for the high price because of its size and design.

He said: "It's one of the few commercial properties in Woy Woy that has two street frontages.

"It was also built to Government building standards which were incredibly high."

The property also has good car parking facilities.

The building was opened in 1987.

Ben Rossleigh, June 22