Sydney Kuji Bardon Street, 21 apartment Building (photo of the real estate website Realestate)
A condominium converted from a luxury mansion in (Coogee), Sydney, sparked a scramble by 10 buyers and eventually sold for A $5.54 million, exceeding the retention price of A $ eight hundred and ninety thousand.
According to real estate website Realestate, there are eight apartments in (Baden St) 21 (Baden St) Street, Sydney, which have been held by the same family for the past 50 years.
Yesterday, this apartment building public auction, attracted 10 registered buyers. The apartment, which started bidding for A $4 million, was sold at a high price of A $5.54 million after a number of intense auctions.
Real estate agent Bell (Justin Bell) says property so close to the beach is rare.
Apartment Building, 21 Chimbarden Street, Sydney (photo of the real estate website Realestate)
The apartment, which includes four two-bedroom apartments, two one-bedroom apartments and two studio apartments, rents A $290 to A $680 a week and earns A $ two hundred and eight thousand nine hundred and ninety nine a year.
The bidder`s goal was to take the plot for its own use, with plans to topple down the apartment building and convert it into a double-purpose house, one of which lives on its own and the other for children.
Sydney sold 726 homes yesterday, with an initial liquidation rate of 49.12 percent, down 3.32 percent from last week, according to the results of 342 known home auctions. The liquidation rate is expected to fall further as more auctions are reported.
