RSL sells former Sydney raffle apartment with incredible views
RSL Queensland has sold a McMahons Point apartment in the iconic Blues Point Tower, after it failed to be picked as the winning property in an Art Union Raffle last year.
The sale is a long time coming after it first came to market in November 2018 with a $2.2 million guide, which was later adjusted to $2.3 million after failing to sell at auction, according to CoreLogic data.
McMahons Point Real Estate agents Scott Issac and Craig Litchfield were unable to reveal the exact sale price of 144/14-28 Blues Point Rd, but it is believed that the property sold around its $2.3 million guide.
This is slightly more than the $5 Art Union raffle ticket the winner could have had the property for.
The result also means that the Queensland branch of the RSL will likely recoup the $2.24 million they paid for the apartment in March 2018.
Mr Issac said the buyers are a couple from Pymble who have bought it for when they retire, but plan to rent it out in the meantime.
“They loved the position and the fact it was so private,” he said.
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The listing comes after the three-bedroom apartment with incredible views of Sydney Harbour was part of the August 2018 Art Union draw.
It offered one person the choice between the McMahons Point apartment and a waterfront Gold Coast home worth $1.71 million, with $555,000 in cashable gold bullion thrown in.
The winner was a mother of three who selected the Gold Coast house in Broadbeach Waters with five bedrooms, swimming pool and a private jetty.
RSL Art Union CEO Tracey Bishop previously said they have two options on what to do with property that the winner does not pick.
“If it is popular with our customers, there is a chance that we will use the other property in a future draw, and if it isn’t, then we will sell it again,” she said.
The McMahons Point apartment is located on the 24th floor of Harry Seidler’s controversial tower that has been described by critics as “one of the ugliest buildings in Sydney”.
Renovated during the RSL’s ownership, it comes with a single car park space and two bathrooms as well as two Juliet balconies.
Amenities include airconditioning, a building manager and security, plus an internal laundry.
The apartment is a short walk from McMahons Point ferry terminal which offers services to Circular Quay and Darling Harbour.
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