High five for in­vestor

The Courier-Mail - Property - - Auction Roundup -

An in­vestor bid­ding by phone snapped up a com­plex of five units at Ke­dron when they went to auc­tion last month.

The three two-bed­room and two three-bed­room apart­ments on one ti­tle at 1 Eighth Av­enue, Ke­dron at­tracted more than 60 in­spec­tions prior to auc­tion.

Sev­eral prospec­tive buy­ers also turned up on auc­tion day and reg­is­tered to bid without hav­ing seen the prop­erty pre­vi­ously.

There were around 80 peo­ple present, in­clud­ing 16 reg­is­tered bid­ders, with bid­ding start­ing at $700,000.

The bid­ding rose quickly up­wards in $50,000 in­cre­ments amongst three bid­ders be­fore sell­ing for $1.2 mil­lion to a phone bid­der call­ing from Taigum.

‘‘We’re thrilled at the re­sult, we ex­pected a strong turnout but the re­sult ex­ceeded our ex­pec­ta­tions,’’ mar­ket­ing agent Si­mon In­gram of LJ Hooker Toowong said.

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