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Andros Diner auction postponed until June

Posted by Sarah Thomas  May 3, 2011 04:00 PM

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Less than ten minutes after the auction for Andros Diner was set to begin, organizers announced that the auction would be postponed until June. No explanation for the decision was given.

The new date and time for auctioning the beleaguered Belmont eatery will be June 8 at 2 p.m. at the restaurant, which is located at 628 Trapelo Road.

Today's auction was attended by around 10 interested parties, who had many different visions for the property.

"I would definitely do a restaurant here, with a similar menu to what was offered before," said Dimitri Vardakostas, who owns a diner in New Hampshire. Had Vardakostas been successful, Andros would have been his first property in Belmont.

Peter Mamouno disagreed. "It's not a good location for a restaurant, there's not enough parking," Mamouno said. "I don't know what I'd do with it."

An auction held in March to sell the property was unsuccessful, with bids of $640,000 and $635,000 falling through. The property is valued at $871,000, according to the Belmont Assessor's office.

Anyone who takes over the property will have to take over the restaurant's delinquent property taxes, water, electric, and sewer bills, which total around $75,000 according to town treasurer Floyd Carman. If the new owners wish to open a restaurant, they will need to make extensive renovations to bring the restaurant up to current health and safety codes.

The restaurant's current owners, John and Annette Manetas, also owe $96,135 in state taxes.

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