The Courier-Mail - Property - - Front Page -

Mad dash pays off

IT MUST have been a rush across town for Col­liers In­ter­na­tional’s Nigel Sum­merville on the week­end.

And it ap­pears to have paid off, with both prop­er­ties he was tak­ing to auc­tion sell­ing un­der the ham­mer.

Sum­merville sold a fire-dam­aged home at Isaac St in Spring Hill and a home at Wam­bool St in Bulimba.

Both prop­er­ties were part of the de­ceased es­tate of Charles Turner, with pro­ceeds go­ing to the Catholic Church.

The Isaac St house went un­der the ham­mer for $542,000.

Com­pe­ti­tion for the house was strong, with five bids of be­tween $360,000 and $420,000 re­ceived be­fore auc­tion.

Ar­chi­tect Brian Steendyk con­firmed he bought the Isaac St house, which is across the road from his premises.

Steendyk says he has grand plans for the prop­erty – but as he had only just se­cured it, noth­ing has been nut­ted out just yet.

You can be as­sured though, if his rep­u­ta­tion is any­thing to go by, it will be en­vi­ron­men­tally sen­si­tive and he will bring it back to its for­mer glory.

The sale was pre­ceded by the auc­tion of a house in Wam­bool St, which sits on 1012sq m of land in a prime devel­op­ment po­si­tion. It sold un­der the ham­mer for $1.025 mil­lion.

It is be­hind pop­u­lar Ox­ford St and has views of the Bris­bane CBD and the Tener­iffe Wool­stores. The three-bed­room house had been un­oc­cu­pied for many years. Five bid­ders reg­is­tered for the auc­tion, but it was soon down to three par­ties as bid­ding quickly reached $1 mil­lion. It is un­der­stood a de­vel­oper has se­cured it.

HAM­MER SALE: The Wam­bool St prop­erty (top) in Bulimba, and the Isaac St prop­erty in Spring Hill.

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