Bumper weekend of auction action for Coast agency
Selling three beachside properties under the hammer in two days has marked a huge success for one Coast real estate agency.
Professionals John Henderson Real Estate sold all three of the properties it took to auction in Mermaid Beach last weekend, two of which fetched more than $1 million.
A two-bedroom apartment on Peerless Ave was the first to go under the hammer on Saturday. Agency partner Luke Henderson said there were seven registered bidders vying for the property, which was snapped up for $580,000.
“It was a local owner occupier and he’ll move in,” he said.
Palm Beach pad a modern take on the classic beach shack
Mermaid Beach home has an industrial style rarely seen on the Gold Coast
On Sunday, a classic beach shack on Heron Ave fetched $1.35 million at auction, which attracted eight registered bidders and dozens of spectators.
“We had nearly up to 60 people (attend), we could hardly move around to get the bids,” Mr Henderson said.
“(The) local buyer will knock it down and build on the land.”
The final property to go under the hammer was a brick home on Hilda St, which had been owned by the same family for almost 40 years.
Four prospective buyers offered bids before the hammer fell at $1.25 million.
Mr Henderson said a group of local business partners bought it with the intention of developing a pair of high-end duplexes.
He said all three properties offered different qualities so they were confident they would draw large crowds at auction.
“They’re all quality properties and we thought they would all have (lots of) demand,” he said.
“We’re quite particular about what properties we suggest to go to auction, we don’t just auction everything.”