oc | Friday 6th December

9-10 Lisbuoy Court, TOORAK

9-10 Lisbuoy Court, TOORAK

Under Hammer
BOUGHT* - $3,840,000
On a quiet tree-lined Toorak cul-de-sac a crowd of 60 wandered up to this pair of maisonettes, which is a likely development site. Auctioneer Tim Derham's raspy voice carried well but made no initial impact on the observers after his vendor bid of $3,500,000, as he was immediately forced to go through the motions of having a break to consult. The three most interested buyers were roused by the circuit breaker into brisk bids of $50,000 steps, until a bidder asked if the property was on the market. After a mini-conference with the owners in the driveway, it was declared on the market at $3,750,000. Mr Derham advised boldness from the bidders, but the property found its price without too much drama. Bought under the hammer for $3,840,000, a healthy $5300/m2 for the vendors.
Saturday 16 March 2013, 12:30pm
Tim Derham, Abercromby's
Jock Langley, Abercromby's
$3,500,000(Vendor Bid)
Under Hammer

David Adamowicz
What is good value? It's actually not a number. Let's us show you.
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