McGrath chief executive Geoff Lucas sells in Cremorne after buying half a Palladian villa in Bellevue Hill

McGrath chief executive Geoff Lucas sells in Cremorne after buying half a Palladian villa in Bellevue Hill
McGrath chief executive Geoff Lucas sells in Cremorne after buying half a Palladian villa in Bellevue Hill

McGrath chief executive Geoff Lucas has sold in Cremorne after he recently bought in Bellevue Hill where he secured half a Palladian villa.

It has been bought by a young family relocating from the CBD.

Lucas had previously listed his Wonga Road property (above and below) in early 2018 when it failed to sell.

It had been listed with $6 million to $6.6 million hopes in February 2018.

This time the auction guide was around $6 million.

No price reveal has been offered by the estate agency which ignores industry calls for better price disclosure of results to assist the market being as well appraised of prices in the lead up to the busy spring sales season. 

A Nine Entertainment website gushed its undisclosed sale price at above the $6 million reflected market "bouyancy."

Domain noted the team at McGrath Lower North Shore - Mosman has now sold five properties since the turmoil of the agent departures and currently has one property for sale.

Rival agents suggested a $6.25 million sale had been secured by Lucas.

McGrath chief executive Geoff Lucas sells in Cremorne after buying half a Palladian villa in Bellevue Hill

He owns 1/100th and wife, Nicola the 99/100ths. She runs a Chatswood child care centre.

The Victoria Road, Bellevue Hill duplex (below) was bought after being passed in at June auction at $5.825 million.

The four-bedroom, three-bathroom Mediterranean-style mansion (above and below) was built in 1992 on its 725 sqm block with views over Royal Sydney Golf Course to the harbour and the ocean. 

The Briggs family had bought it for $3.525 million in 2002.

The property comes with pool and tennis court, which is shared with the neighbour.

McGrath chief executive Geoff Lucas sells in Cremorne after buying half a Palladian villa in Bellevue Hill

It was listed for Sothebys auction in April last year with overly ambitious $7 million to $7.5 million price guidance.

McGrath chief executive Geoff Lucas sells in Cremorne after buying half a Palladian villa in Bellevue Hill

After a stint at Sonoma Bakery, Lucas returned to McGrath, the ASX listed company in February, last year as its chief executive.

Its shares were trading at record 19.5 cent lows mid-week, but rising to close Friday at 20 cents.

 

Tags: 
Mcgrath Bellevue Hill

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