MORE than 100 people crammed onto the pool deck overlooking the Brisbane River at 39 Griffith St, New Farm to see it sell under the hammer today for $7.750M.
Ray White New Farm principal Matt Lancashire said the top residential auction sale in Queensland attracted eight registered bidders, four of whom were active in the action.
The bidding opened at $4M and quickly jumped in rapid-fire $500,000 increments to pause at $7M where negotiations continued on the sidelines with the four bidders. “We had 80 groups through over the four week campaign and had three written offers prior and it couldn’t have been a better result for our owners Allan and Glenice Mein who have been the most unbelievable people we have ever dealt with," Mr Lancashire said. “This is a great sale for Brisbane and the prestige market and a good sign of things to come.”
After 30 minutes of discussions - the who’s who in the crowd from the Brisbane property, hospitality and motorsports scene - were told by top auctioneer Haesley Cush of Ray White New Farm that the property was on the market at $7.750M. The property sold for $7.750M to a local family of property investors and developers.
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SOLD: Agent Nicholas Given with auctioneer Haesley Cush[/caption]
Owners Glenice and Allan Mein thanked their agents Matt Lancashire and Nicholas Given for running a textbook auction campaign which resulted in a great price, through the open and transparent marketing method.
The owners had lived at 39 Griffith St, New Farm for the last 20 years and treasured its “spectacular river view”.
The pair bought their grand five-bedroom riverfront home, complete with a rooftop entertaining space, at a Ray White on-site auction in mid 1999 after they fell in love with the property.
“We just knew we had to have it and it’s been a wonderful home for us. We arrived at the auction with the intent on buying it as we loved the house so much” said the Meins, experienced property developers themselves who have moved to Ormiston, swapping river views for bayside breezes.
Ray White New Farm agent Nicholas Given said this house was very special.
“It’s not everyday a direct riverfront New Farm house hits the market. It was a prized and celebrated parcel of Queensland real estate and attracted interest on a national and International level,” Mr Given said.
