oc | Monday 9th December

11 Hopetoun Road, TOORAK


11 Hopetoun Road, TOORAK

0
Passed In
0
1
PASSED IN - $5,200,000
Melbourne’s recent hot streak was but a distant memory today with a sudden change in weather doing its best, but failing, to dampen the enthusiasm of the 80-strong crowd who had gathered to witness the auction of this iconic property at the “Paris-end” of Hopetoun Road. Just as well the rear open plan living spaces were “large enough to accommodate a cocktail party for 100” as we all required shelter from a dramatic downpour outside. Quick thinking and good-humoured as always, auctioneer Justin Long was quick to point out the vast, natural light-filled spaces just as the power went out! Drama aside, a fair and reasonable start was called for this renovated 1960’s property, and when none was forthcoming, a vendor bid of $5,000,000 kicked-off proceedings. Perhaps the close proximity left bidders feeling exposed? On closing down an attempt to offer $4,750,000, less than the opening price, Mr Long turned to the crowd seeking a $100,000 rise. Enter Bidder 1. Realising at that stage an increase was required to win the property, Bidder 2 chimed in, slowing the bidding to $5,150,000 and was quickly outbid by Bidder 1. The property was passed in at $5,200,000 and we were ushered out of the building to allow negotiations to continue.
2
Saturday 16 March 2013, 2:30pm
Justin Long, Marshall White
Mark Harris, Marshall White
$4,500,000 - $5,000,000
$5,000,000(Vendor Bid)
$5,200,000
Passed In
2
80
Expected/Normal


Karen Bumpstead
Before you buy; speak to our valuer, our architect and our negotiator.
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