Point Piper beachfront sells for $9.4 million

Point Piper beachfront sells for $9.4 million
Point Piper beachfront sells for $9.4 million

The Point Piper beachfront, 14 Wolseley Road secured a $9.4 million price at auction this week.

It is a four-bedroom mid-1990s property with access onto Seven Shillings Beach. The block is about nine metres wide.

The offering was sold through BradfieldCleary agent Bob Guth with three bidders above the $9 million mark at the Cooley Auctions event.

Guth tried to sell it in 2008 and 2009. It was first listed for late 2007 auction.

The Point Piper residence was sold by the retired surgeon Dr John Chong and his wife Anne who rebuilt after buying it in 1973 for $165,000. It was redesigned in 1994 by architect Peter Stronach,

It had been an executive rental over the years with its asking rent most recently at around $3000 a week.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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