Members of the Hells Angels joined onlookers and two registered bidders for the auction of the Clarence Gardens property at 2 Albert St.
It had been listed with a price guide of $550,000.
Despite interest from buyers in the lead up to the auction — including developers and individuals looking to retain the home — the property failed to sell under the hammer.
There was a single bid of $500,000.
Selling agent Stuart Costello, from Magain Real Estate, secured its sale shortly after for $535,000.
“Interest for the property has been strong and has come from all over. In fact, one of the bidders here today was looking at doing some micro brewing, which I think would be awesome.”
“Other people were looking at it from a warehouse point of view, but most were looking at demolishing and then rebuild and develop that way.”
The commercial zone property, with its heavily fortified front fence, was home to the notorious gang’s Adelaide southern chapter for several years.
The property also includes a gym and a workshop.
The Advertiser wrote while media were banned from entering the property on the day of auction, photos on realestate.com.au show the property has been somewhat “de-bikied” but there were still several nods to its owners remaining.
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Source: Property Observer