Dated Gold Coast house skyrockets almost $2 million past reserve at competitive auction

Dated Gold Coast house skyrockets almost $2 million past reserve at competitive auction

first_imgIt was sold by the children of the late Ray and Joan Stuart, who owned a local newsagent. Mr Stuart was a former Rotary club president and died in 2006. His wife died earlier this year. The four-bedroom property is on an 810sq m double block with views of the ocean and Burleigh Heads National Park on three sides. The buyers plan to knockdown the property and build a family home.More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoKollosche director Michael Kollosche, who sold the property alongside Eoghan Murphy, said there were 54 bids placed in just 25 minutes. “It’s a trophy asset and very unique as it was the first time to market in over 57 years,” he said. “Most of the buyers looking at it were looking at it as a home site to demolish and build a new home.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:15Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:15 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p270p270p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenAndrew Winter: The value of a view01:16 Mr Kollosche said the sellers — siblings Duncan, Philip and Julie — were extremely happy with the result. “They are elated to get well above their reserve price and know it’s going to end up with a home a family will enjoy,” he said. “Their preference was not to see a big development there.” The impressive views were a big selling point. The four-bedroom house had a reserve of $3.5 million.The two-level house at 1 Short St had 178 groups inquire, with 18 registered bidders at the auction on the weekend. An opening bid of $1 million was placed before the price was quickly push passed reserve. The hammer fell $1.875 million above the vendors price expectations. MORE NEWS: Imagine living a fairytale A quaint house at 1 Short St, Burleigh Heads, has sold under the hammer for $5.375 million.A DATED Burleigh Heads house has fetched almost $2 million more than expected, selling for a whopping $5.375 million at auction.The property was the legacy of a newsagent’s early-morning paper deliveries 55 years ago and changed hands for the first time in its history. A prominent Gold Coast fashion couple Wez and Eirin Bryett, who founded women’s clothing boutique and fashion line Princess Polly, splashed millions to knock the property down and build a modern masterpiece for their family. RELATED: Burleigh Heads home listed for sale, 55 years after it was built by the local newsagent MORE NEWS: How this home moved suburbs last_img

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