Stephen Burcher’s Rose Bay trophy home sells

Stephen Burcher’s Rose Bay trophy home sells

Exclusive: The Rose Bay trophy home of property investor Stephen Burcher and his wife, Melissa — a candidate for the Australia’s most expensive home ever sold at auction if it hadn’t passed in on Saturday — has sold this morning. But the agent can’t say for how much.

The luxurious five-bedroom, five-bathroom waterfront at 20B Tivoli Ave — with harbour views to the city skyline, Opera House and Harbour Bridge — passed in for $23.25 million.

Related: Stephen Burcher’s home passes in

You’re always on holiday

The incredible $30m home of Alex Ma

There’d been six registered parties, but after the vendor bid of $23 million, only one real bidder — a local Chinese family — who offered $23,250,000.

The Agency’s Ben Collier, bound by a confidentiality agreement, would only confirm that it was a different party who has bought the home. “All I can say is that it’s exchanged,” he said.

“I can’t say for how much, or who has bought it.”

The final bid at the auction was $250,0000 more than the previous auction record for a home, set a decade ago.

Mr Collier had a price guide of $25 million set for the property and it’s understood that had been the reserve.

After the auction on Saturday, Mr Collier continued to negotiate and soon after the family upped their offer.

Mr Collier told the Wentworth Courier exclusively on Saturday night: “It is very close.”

Saturday’s 3.45pm auction under auctioneer Thomas McGlynn was closed to media, and even rival sales agents from different firms weren’t permitted to enter.

Because the property passed in and didn’t sell before midnight on Saturday, it’s considered a private treaty sale so the national auction record is intact.

The next test of the auction record is in March, when the Vaucluse home of Alex Ma goes under the hammer. That has a price guide of $30m.

Among those seen going in were prominent buyer’s agent Simon Cohen.

About 100 people jammed into the living room with the sensational harbour view.

The home was originally offered in an “expressions of interest” campaign ending on Friday.

But, with multiple parties keen on the prized home, last Monday Mr Collier and the Burchers decided to put it to auction.

Apart from being a remarkable property with all the best finishes, it has a resort-like pool and even access to a sandy beach.

The previous record of $23m was set in 2009 when Bellevue Hill’s grand Georgian house Le Manoir sold to Lachlan Murdoch.

Auctioneer Damien Cooley said: “Lachlan was there in the room when I knocked it down to him”.

Source link