prop­erty spy

Who’s been seen where and the big-name prop­er­ties up for grabs

The Advertiser - Real Estate - - Property Spy -

THIS blue-rib­bon ad­dress was hand picked by a man in the know.

One might even de­scribe it as a real es­tate trea­sure.

Yes. State Trea­surer Kevin Fo­ley is sell­ing one of his in­vest­ment prop­er­ties, and it of­fi­cially hits the mar­ket this week­end.

He says he owns two in Ade­laide and one in Syd­ney.

‘‘It’s a good time to sell and rein­vest in some more prop­erty,’’ he says.

While he wouldn’t re­veal his fu­ture prop­erty plans, we can tell you the Trea­surer is ‘‘ac­tively’’ look­ing around the real es­tate mar­ket.

Mr Fo­ley bought the Nor­wood town­house off the plan – and since con­struc­tion was com­pleted about a year ago he has leased it out.

‘‘Its lo­ca­tion is per­fect and it’s an out­stand­ing build­ing and devel­op­ment project by Formex,’’ he says.

‘‘It’s a great lo­ca­tion, it’s a beau­ti­ful, mod­ern ex­ec­u­tive home.’’

The prop­erty is be­ing mar­keted by Toop & Toop in an auc­tion cam­paign with a price guide of $750,000-$780,000.

Its first open in­spec­tion will be from noon-12.45pm to­mor­row and from 12.30pm-1pm on Mon­day.

Po­ten­tial buy­ers will have a chance to make their bids at noon on July 15.

Agent Becky Neale ex­pects the home to be a hit with the mar­ket.

‘‘Its most stand-out fea­ture is its fab­u­lous lo­ca­tion – just off The Pa­rade,’’ she says. ‘‘It’s close to some of Ade­laide’s finest restau­rants, and pro­vides for a cos­mopoli­tan life­style.’’

As for the home, Ms Neale says: ‘‘It’s very se­cure, it has great liv­ing ar­eas which open up to a nice deck pa­tio and up­stairs there are three spa­cious bed­rooms – two of them ex­tremely large.

‘‘It’s very mod­ern, light bright easy liv­ing.’’

In other news . . . he pops up all around town and this time me­dia iden­tity Troy Gray has been spot­ted on Kan­ga­roo Is­land with Brock Har­courts agent Alex Ouwens. Mr Gray says he fell in love with KI last year dur­ing the one-week film­ing of a doc­u­men­tary he cre­ated for char­ity.

For those of you who re­mem­ber, it raised $227,000 for Va­ri­ety Kickin4Kids.

Mr Ouwens, who runs Club KI, tells us Mr Gray con­sid­ers KI as Aus­tralia’s best-kept se­cret and re­vealed he would love to buy a prop­erty there soon.

Watch this space.

Kevin Fo­ley’s Nor­wood in­vest­ment prop­erty.

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