This approx. 1,690 sqm Hamilton property with breathtaking Brisbane River and city panoramas has been sold by Drew Davies and Patrick McKinnon of Place Ascot for $7 million following a 24-day campaign. 

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The property offers an opportunity to divide and build new (STCA) just 5km from the CBD, generating interest from a broad cross-section of buyers looking to purchase with various intents.

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Speaking to LUXURY LIST, Drew Davies said there were 43 inspections prior to the sale, including 4 virtual inspections. 

“Being a such a large, prime piece of real estate with some of Brisbane’s best river and city views, this property received strong interest from both developers looking to explore the potential to subdivide and build new, and also local buyers looking to retain and expand upon the existing home.”

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There was only 1 registered bidder at the auction and the sale was negotiated over the course of an hour and a half.

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Drew told LUXURY LIST that the property market in the area remains strong. “It’s increasingly competitive, especially with the appetite of southern state buyers willing to buy sight unseen.”

Source: Place Ascot

To view the listing or for more information click here.

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