Domino-effect Sale on Monaco Street

August 30 2023

Kollosche carries out complex series of transactions to achieve $11,000,000 worth of sales.
Domino-effect Sale on Monaco Street

Experience and persistence saw a complex string of deals sewn up by Kollosche agents on blue ribbon Monaco Street in Broadbeach Waters.

Michael Kollosche and Sales Associate Matthew Follent were behind the sale of three Monaco Street properties, both on and off the market, in deals totalling $11,000,000.

215 MONACO STREET | Kollosche

Despite strong interest during the campaign and five registered bidders, a grand waterfront home at No. 215 passed in at auction, sparking a sequence of negotiations.

Following up on an existing lead, Michael negotiated the sale of the property on the condition that the buyer could also purchase the adjoining 814sqm street-facing block at No. 217.

217 MONACO STREET | Kollosche

The team approached the owner of No. 217, who had not planned to sell but expressed interest in No. 267, a renovated Hamptons house also being marketed by Michael along with fellow sales agent Marco De Vincentiis.

Michael and his team set about reverse engineering a deal that would satisfy the price expectations of all three parties and enable the original buyer to achieve their ambition of creating a significant 1,848sqm holding at 215-217 Monaco Street.

267 MONACO STREET | Kollosche

An offer of $2,750,000 was presented to the owner of No. 217, who was then able to offer $2,650,000 for No. 267, which was accepted. With those two sales locked away, the owner of No. 215 agreed to sell at $5,600,000.

This outstanding outcome was made possible by the team’s in-depth local market knowledge, the ability to think strategically, and their natural desire to go above and beyond to service their clients.

If you are seeking a positive result on the sale of your property, reach out to the experienced and trusted team at Kollosche.

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