Linc's Peter Bond sells beachfront Watsons Bay semis in quick flip

Linc's Peter Bond sells beachfront Watsons Bay semis in quick flip
Linc's Peter Bond sells beachfront Watsons Bay semis in quick flip

Coal mining executive Peter Bond has snappily sold the Watsons Bay harbourfront semis he only bought a year ago for $4.25 million.

The chief executive of Linc Energy bought the adjoining two-bedroom properties with approved plans for one residence from thoroughbred horse breeder Jocelyn May.

But James Dack of McGrath Estate Agents sold them well ahead of the scheduled 21 June auction where Bond had reported hopes of recouping his purchase price.

No sale price has been given, but prospective buyers were being told they'd need to better $4.7 million.

Title Tattle recalls the pair of semi-detached cottages failed to sell at 2012 auction when listed with $6 million price hopes.

Owned by the May family for more than 50 years, the properties have DA approval to combine them into one house with a main bedroom suite upstairs.

The properties are on the beachfront strip fronting a boardwalk near the landmark Doyles restaurant.

In 2007, Jocelyn May sold another pair of semi-detached cottages on Marine Parade for $6 million to developer Graham Werry.

Peter Bond has also listed the Redfern Post Office office premises.

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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Sydney Title Tattle

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