BOUGHT* - Undisclosed

With a relatively big crowd of 60 lining both sides of Albert St, there was a feeling in the air that this auction would be an exciting one. And, although he had to open on a vendor bid of $2,500,000 to kick-start proceedings, auctioneer Leigh Hallamore soon had a tightly contested battle between three parties on his hands. Bidding was strong and constant wi...

Crowd Numbers: 60 people
Bidderman: 3 bidders

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2 Albert Street BRIGHTON

Item: 2 Albert Street BRIGHTON
Rating: 758
Author: Mal James

Benefits

Higher positional potential for long term growth

Growth above average metro in last decade

Excellent land content as proportion of price

Area distance from CBD

Above average precinct for general area

Concerns

Poor rental prospects

Requiring significant additional cash to purchase price

Mal James
0408 107 988
[email protected]

Comments on 2 Albert Street BRIGHTON

One of the better blocks on offer this year in terms of street width, size, orientation and position. The agent says it can be bulldozed (STCA) and it probably will be. Should have very solid interest at what the market deems a satisfactory price level. What is that $3,000 a sqm? - $4,000 a sqm? This land is as good as it gets and is superior to many golden mile blocks (that are not absolute beachfront). Bert Stewart gives you a fair shake, so the market will determine the result. Rated as Land Only.

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3 Bedroom	2 Bathroom	2 Parkings	1,241sqm Land Area
Floor Plan	Agent	Sold - 2:30pm Sep 24 2011	Quote $3,300,000	North Facing

Assess Question: Is this property a good home?