Purchased 5/57 New Beach Road, Darling Point
Client Brief: Whole floor apartment with water & harbour bridge views in Darling Point. 3/4 bedrooms, 2 bathrooms and double parking. Budget: Circa $7,000,000
Result: The property was a deceased estate and with no chance of negotiating prior to auction, Rodney McLoughlin from TBAS® Buyers Agents executed a proven auction strategy, completely removing his clients emotions and anxiety from the process.
With a typical low price guide for a deceased estate of $4,500,000, there was strong interest with 8 registered bidders. A strong opening bid of $5.1m by Rodney McLoughlin, 5 of the registered bidders were knocked out of the bidding from the start.
After 21 bids from 3 bidders within several minutes, Rodney McLoughlin’s aggressive bidding eliminated the competition and secured the property well within his clients expectations.
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