and said despite four interested parties in the lead up to the auction, the result had been a complete surprise.
“Two were there as neighbours. But the other two had never seen the property and got into a bit of a bidding frenzy.”It’s likely the sizeable block will be developed into multiple new homes. The operator of a nearby eatery, they said with the property in such a good spot he wasn’t surprised the price rose in such a short period.The 780sq m property fronts Point Nepean Rd, and while it doesn’t have direct water views it does have a 27m-long private laneway that ends at the foreshore a few metres from the beach.
“He bought the property primarily because his business is local and he has enormous trouble finding accommodation for his staff. So he wants a very short settlement to build three townhouses for his staff to go into.”Bold colours in some of the home’s living spaces hint at the coastal lifestyle on offer.