AN historic commercial property in the heart of Ballarat has failed to raise a paddle, being passed in at auction on Friday afternoon.
There were no bids for the property at 30-32 Sturt Street, with barely a dozen inquisitive members of the public taking a passing interest.
Auctioneer Andrew Lewis from Colliers International said he was shocked the property had struggled to find an interested buyer.
"There's been very little interest in it I have to say," he said.
"We liked it as a good property, a good spot, nice big frontage and good access to the rear. We saw it as a potential home office.
"We've sold half a dozen in this block and the fact is, this is one of the neatest one we've put on the market, I don't can the location at all. It's a good spot.
"Smaller retail stuff is not strong, retail is heading into big box like Lucas and Delacombe Town Centre, there's definitely a slowing of retail presence in the main CBD."
Mr Lewis said the property would now be listed for private sale at the reserve of $695,000.
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