Ray White Surfers Paradise Auction (@ The Arts Centre Gold Coast) http://4sq.com/k1Yv9G
Bidding opened at $450k for the old Gallery office in Runaway Bay and sold under the hammer $582,500! #property #auction
Ray White Runaway Bay Commercial Mortgagee Auction @ Bayview St – the old office for The Gallery Real Estate!
On Saturday 30th April 2011 at 10am, Ray White Broadbeach & Mermaid Beach had their monthly auction at the Crowne Plaza, Surfers Paradise. There were 24 properties up for auction. Here are the results:
Lot No.1 17/100 Old Burleigh Road, Surfers Paradise
150sm 2 bed apartment
Starting Price: $unknown
Selling Price: $620k
RESULT: SOLD PRIOR TO AUCTION for $620k
Lot No. 2 4/351 Golden Four Drive, Tugun
4 bed/3 bath/2 car apartment with ocean views
Starting Price: $1.2mil
Selling Price: $0
RESULT: PASSED IN at $1.8mil
Lot No.3 8 Albatross Avenue, Mermaid Beach
Duplex on 405sqm block
Starting Price: $1mil (vendors bid)
RESULT: PASSED IN at $1.2mil WITH VENDORS BID
Lot No. 4 31 Park Avenue, Broadbeach Waters
6 bed/4 bath/4 car house with water frontage
Starting Price: $1.5mil (Vendors Bid)
Selling Price: $0
RESULT: PASSED IN at $1.525mil
Lot No. 5 4/16 Rosewood Avenue, Broadbeach
2 bed/2 bath/2 car apartment was returning $380pw
Starting Price: $250k
Selling Price: $0
RESULT: PASSED IN at $320k WITH VENDORS BID
Lot No. 6 3601/159 Old Burleigh Road, Broadbeach
2 bed/2 bath/2 car apartment with ocean views
Starting Price: $800k (vendors bid)
Selling Price: $0
RESULT: PASSED IN at $975k
Lot No. 7 5 Hokitika Street, Broadbeach Waters
4 bed/3 bath/2 car house on 1000sqm block
Starting Price: $400k
Selling Price: $0
RESULT: PASSED IN at $480k WITH VENDORS BID
Lot No. 8 6/592 Trees Road, Tallebudgera
5 bed/2 bath/2 car house on approx.. 2.75hectacres
Starting Price: $0
RESULT: WITHDRAWN TO BE SOLD AS PRIVATE TREATY
Lot No. 9 11 Wave Street, Mermaid Beach
5 bed/4 bath/2 car house on 405sqm block close to the beach
Starting Price: $0
Selling Price: $0
RESULT: PASSED IN WITH ZERO BIDS
Lot No. 10 163/74 Old Burleigh Road, Surfers Paradise
2 bed/2 bath apartment
Starting Price: $1mil (vendors bid)
Selling Price: $0
RESULT: PASSED IN at $1.375mil WITH VENDORS BID
Lot No.11 2/8 First Avenue, Broadbeach
4 bed/4 bath/2 car townhouse on approx. 124sqm block
Starting Price: $1.25mil (vendors bid)
Selling Price: $0
RESULT: PASSED IN at $1.25mil WITH VENDORS BID
Lot No.12 113 Aqua Promenade, Currumbin Valley
4 bed/4 bath/2 car House on 7519sqm block which won “House of the Year”
Starting Price: $1mil (vendors bid)
Selling Price: $0
RESULT: PASSED IN at $1.25mil WITH VENDORS BID
Lot No. 13 2/11 Tahiti Drive, Palm Beach
3 bed/2 bath/2 car townhouse on 128sqm block
Starting Price: $5400k (vendors bid)
Selling Price: $0
RESULT: PASSED IN at $600k
Lot No. 14 8 Sanctuary Crest Drive, Currumbin
4 bed/3 bath/2 car house on 96sqm block
Starting Price: $725k (vendors bid)
Selling Price: $0
RESULT: PASSED IN at $725k WITH VENDORS BID
Lot No. 15 72 The Pinnacle, Worongary
5 bed/3 bath/3 car luxury house on 9002sqm block with great views (mortgagee)
Starting Price: $800kl
Selling Price: $0
RESULT: PASSED IN at $1.1mil WITH VENDORS BID
Lot No.16 93/15 Victoria Avenue, Broadbeach
apartment
Starting Price: $0
RESULT: POSTPONED UNTIL LATER DATE
Lot No.17 Apartment 43 “Le Grande”, 53 Broadbeach Boulevard, Broadbeach
3 bed/2 bath/1 car apartment with ocean views
Starting Price: $0
Selling Price: $0
RESULT: PASSED IN WITH ZERO BIDS
Lot No.18 12/280 Hedges Avenue, Mermaid Beach
2 bed/2 bath/2 car apartment close to the beach
Starting Price: $330k
Selling Price: $0
RESULT: PASSED IN at $370k
Lot No.19 201/9 Philip Avenue, Broadbeach
2 bed/2 bath/1 car apartment
Starting Price: $300k
Selling Price: $0
RESULT: PASSED IN at $350k WITH VENDORS BID
Lot No. 20 508/6 Douglas Street, Kirra
2 bed/2 bath/2 car apartment with ocean views
Starting Price: $0
RESULT: PASSED IN WITH ZERO BIDS
Lot No. 21 1/10 Wilmington Court, Helensvale
3 bed/1 bath/1 car house on 115sqm block
Starting Price: $260k (vendors bid)
Selling Price: $0
RESULT: PASSED IN at $260k WITH VENDORS BID
Lot No. 22 186 Tallai Road, Tallai
5548 sqm block of land with stunning coastal views
Starting Price: $450k (vendors bid)
Selling Price: $0
RESULT: PASSED IN at $450k WITH VENDORS BID
Lot No. 23 2/29 Loder Street, Biggera Waters
2 bed/1 bath/1 car townhouse (mortgagee)
Starting Price: $0
RESULT: PASSED IN WITH ZERO BIDS
Lot No. 24 Apartment 1304 “Ipanema”, 2865 Gold Coast Highway, Broadbeach
2 bed/2 bath/ 1 car apartment
Starting Price: $0
RESULT: WITHDRAWN TO BE SOLD AS PRIVATE TREATY
CONCLUSION:
No Properties SOLD under the hammer on auction day with a clearance rate of 0%
There was only a very small crowd and most of the bidding was being done by the auctioneer
Top price reached at auction on the day was $0k and the lowest was $0k!!
Property at 11 Wave Street, Mermaid Beach did receive a bid from the floor of $1.4mil but was rejected by the auctioneer and so recorded zero bids – bizarre!
5 bed/3 bath/3 car house at 72 The Pinnacle, Worongary which was a mortgagee in possession kicked off at $800k with a couple of bidders in the room but finally passing in for $1.1mil with a vendors bid
20 of the 24 properties passed in; 11 of them with vendors bids and 4 with zero bids
3 properties were withdrawn
On Thursday 14th March 2011 at 11am, Ray White Surfers Paradise Group held their monthly auction at the Gold Coast Arts Centre. There were 25 properties up for auction. Here are the results:
Lot No.1 – Apartment 18 “Grosvenor”, 26 The Esplanade, Surfers Paradise
1 bed/1 bath/ 1 car ocean front apartment
Starting Price: $150k
Selling Price: $250k
RESULT: SOLD UNDER THE HAMMER for $250k
Lot No. 2 -24 Allden Avenue, Labrador
3 bed house with rental return of $410pw
Starting Price: $200k
Selling Price: $0
RESULT: PASSED IN at $320k
Lot No.3 – 3/77-79 Albatross Avenue, Mermaid Beach
3 bed/3 bath/2 car beachfront villa with rooftop pool
Starting Price: $0
RESULT: PASSED IN WITH ZERO BIDS
Lot No. 4 – Apartment 1306 “Crown Towers”, 5 Palm Avenue, Surfers Paradise
2+1 bed apartment with ocean views
Starting Price: $300k
Selling Price: $0
RESULT: PASSED IN at $450k
Lot No. 5 – 75-77 Monaco Street, Broadbeach Waters
4 bed/2 bath resort-style house on north-facing double block with main river frontage
Starting Price: $4mil
Selling Price: $0
RESULT: PASSED IN at $5.5mil
Lot No. 6 – Apartment 3011 “Chevron Renaissance”, 23 Ferny Avenue, Surfers Paradise
2 bed 128sqm apartment on lower floor rented at $430pw
Starting Price: $200k
Selling Price: $0
RESULT: PASSED IN at $260k
Lot No. 7 – 2/45 Woodroffe Avenue, Main Beach
3 bed/2 bath villa (mortgagee)
Starting Price: $400k
Selling Price: $0
RESULT: PASSED IN at $712,500
Lot No. 8 – 1&2/51 Tallebudgera Drive, Palm Beach
2 x north-facing 3 bed/2.5 bath/1 car townhouses
Starting Price: $0
RESULT: WITHDRAWN AS SOLD SEPARATELY (see Lot 11 & 12)
Lot No. 9 – Apartment 1 “Belle Haven”, 12 Dalpura Street, Chevron Island
2 bed/2 bath apartment in secure complex with pool, spa & barbeque
Starting Price: $150k
Selling Price: $0
RESULT: PASSED IN at $230k
Lot No. 10 – 54 Knightsbridge Parade East, Sovereign Islands
5 bed/6 bath/8 car north-facing mansion on 5 levels called ‘Anguilla’ with water frontage
Starting Price: $1.5mil
Selling Price: $0
RESULT: PASSED IN at $3mil WITH VENDORS BID
Lot No.11 – 1/51 Tallebudgera Drive, Palm Beach
3 bed/2.5 bath/1 car North-facing townhouse
Starting Price: $240k
Selling Price: $0
RESULT: PASSED IN at $322,500
Lot No.12 – 2/51 Tallebudgera Drive, Palm Beach
3 bed/2.5 bath/1 car North-facing townhouse
Starting Price: $0
RESULT: WITHDRAWN FROM THE AUCTION
Lot No. 13 – 11 Pinaroo Crescent, Ashmore
3 bed/2 bath/2 car house on 774sqm block
Starting Price: $400k
Selling Price: $0
RESULT: PASSED IN at $475k
Lot No. 14 – 190 Heeb Street, Benowa
1503sqm block of vacant land with skyline views
Starting Price: $0
RESULT: PASSED IN WITH ZERO BIDS
Lot No. 15 –Penthouse 2501 “Marina Precinct”, 1 Ephraim Parade, Paradise Point
3+1 bed/3 bath/3 car north-facing penthouse with 381sqm floor space with views of the broadwater
Starting Price: $1mil
Selling Price: $0
RESULT: PASSED IN at $1.150mil
Lot No.16 – Apartment 809/810 “Legends”, 25 Laycock Street, Surfers Paradise
2 bed/2 bath east-facing apartment close to the beach
Starting Price: $120k
Selling Price: $200k
RESULT: SOLD UNDER THE HAMMER for $200k
Lot No.17 – 20 Tara Terrace, Carrara
5 bed/3 bath/2 car steel-frame home with views
Starting Price: $400k
Selling Price: $0
RESULT: PASSED IN at $520k
Lot No.18 – 2324 Cressbrook Drive, Hope Island
4 bed/4.5 bath/3 car house on 987sqm block with direct water frontage
Starting Price: $0
RESULT: WITHDRAWN FROM THE AUCTION
Lot No.19 -32 Eumundi Street, Ormeau
3 bed/2 bath/2 car house with rental return of $370pw
Starting Price: $250k
Selling Price: $0
RESULT: PASSED IN at $330k
Lot No. 20 – 52 Numeralla Avenue, Ashmore
3+1 bed/2 bath brick & tile house on 638sqm block with 2000 litre water tank
Starting Price: $250k
Selling Price: $0
RESULT: PASSED IN at $310k
Lot No. 21 – 9 Hellman Street, Molendinar
4 bed/2 bath house only one year old
Starting Price: $300k
Selling Price: $0
RESULT: PASSED IN at $376k
Lot No. 22 – Apartment 93 “Spinnaker”,3554 Main Beach Parade, Main Beach
162sqm apartment on 23rd floor with beach & ocean views in residential only building
Starting Price: $300k
Selling Price: $0
RESULT: PASSED IN at 500k WITH VENDORS BID
Lot No. 23 – Apartment 335 “Trilogy”, 21 Cypress Avenue, Surfers Paradise
1 bed/1 bath apartment with resort style facilities
Starting Price: $0
RESULT: PASSED IN WITH ZERO BIDS
Lot No. 24 – Apartment 3 “Markwell Surf”, 16 Marwell Avenue, Surfers Paradise
Apartment in small block of 9, fully furnished
Starting Price: $100k
Selling Price: $0
RESULT: PASSED IN at $157k
Lot No. 25 – Apartment 503/504 “Surfers Beachcomber”, 18 Hanlan Street, Surfers Paradise
2 bed/2 bath/1 car apartment close to the beach
Starting Price: $0
RESULT: PASSED IN WITH ZERO BIDS
CONCLUSION:
2 Properties SOLD under the hammer on auction day.
There was quite a good crowd at the auction with more just looking and less actually bidding
Top price reached at auction on the day was $250k and the lowest was $200k
4 bed/2 bath/3 car mansion at 75-77 Monaco Street, Broadbeach Waters kicked off at $4mil with lots of interested parties bidding but ended up being passed in for $5.5mil
3 bed villa at 2/45 Woodroffe Ave, Main Beach which was a mortgagee in possession kicked off at $400k with lots of bidding but finally passing in for $712,500
20 of the 25 properties passed in; 2 of them with vendors bids and 4 with zero bids
3 properties, it was said, were withdrawn at auction and 5 properties before auction
Ray White Surfers Paradise Auction Wrap Up 25 properties; 2 sold under the hammer; 16 passed in; 4 passed in with no bids; 3 withdrawn
Only 2 properties selling under the hammer today from the floor at the Ray White Surfers Paradise Auction
Ray White Surfers Paradise Auction about to start (@ The Gold Coast Arts Centre) http://4sq.com/e43url
Ray White Broadbeach Property Auction (@ Sofitel Gold Coast) [pic]: http://4sq.com/fEmxNc
Ray White Commercial Auction (@ The Gold Coast Arts Centre) http://4sq.com/hpNR6p