Domino-effect Sale on Monaco Street
August 30 2023
Experience and persistence saw a complex string of deals sewn up by Kollosche agents on blue ribbon Monaco Street in Broadbeach Waters.
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.
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.
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.