8A Central Park Road, MALVERN EAST

8A Central Park Road, MALVERN EAST

BOUGHT* - $3,870,000
Set in one of the most "desired streets in Stonnington, if not all of Melbourne", auctioneer John Morrisby wasted not a second in both introducing himself and the property with vigour. He easily raved over the property's drawing cards, including the "overused central park proximity", but ensured that this time, it was extremely relevant and of course, enviable. With an original quote between $3,300,000 and $3,630,000, the first, confident bid of the auction came from Bidder 1 who opened with $3,500,000. Off to a strong beginning, Mr Morrisby asked for advances of $25,000. Bidder 2 raised their arm to begin the competition. Bidder 1 made quick returns and adorned a poker face to boot. Soon, the property reached $3,650,000 and Mr Morrisby took a half-time break after Bidder 2 began to wither away. Upon Mr Morrisby's return, the third bidder of the auction became known and quick bids were being made back and forth, allowing Mr Morrisby to wave his arms side to side. Even sooner, the property reached its reserve of $3,800,000 and another burst of bidding occurred between Bidders 1 and 3. Eventually, Bidder 3 had exhausted his resources, which allowed Bidder 1 to snatch the keys to the property for $3,870,000. Cue round of applause from the entertained audience.
Saturday 27 May 2017, 12:00 PM
John Morrisby, Jellis Craig - Armadale
John Morrisby, Jellis Craig - Armadale
Under Hammer

Bridget Agnoleto
Inner Melbourne 2000-2014, one couple bought for $500,000 and sold for $576,000, another bought for $493,000 and sold for $1,500,000.
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