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.