Billionaire's Gold Coast penthouse sells for $11m at auction to Melbourne family
A sprawling two-level Gold Coast holiday penthouse owned by property giant Harry Triguboff has sold for a whopping $11M under the hammer.
Sold under the hammer - $1,596,500
14 registered bidders, 4 active bidders
Lead agent: Adrian Loh - 0411 019 185
Ray White Dalkeith|Claremont
Buyer Paul Lee has been looking for a home for the past six weeks and today he finally sealed the deal at the auction of 26 Elgon Hill, Willetton.
Mr Lee, who has two children, placed the winning bid on the four-bedroom two bathroom property which sold for $1,596,500.
He said the location of the property in a popular school catchment was the big draw card.
Set on an elevated block in one of Willetton's most convenient pockets, the property is loaded with potential.
Mr Lee said he found the auction process similar to what he had seen on TV.
“It wasn’t too stressful, it was better being in it instead of watching it on TV,” he said.
With six family members as “back up” on auction day, Mr Lee said it was now time to chill out and cancel all of today’s open home inspections.
Ray White Dalkeith|Claremont agent Adrian Loh said there were close to 100 people who attended today’s auction.
“The interest was massive,” Mr Loh said.
“Some people saw block value, others saw the potential to renovate - the biggest seller was that it was in a school zone.”