Beachfront Brighton trophy home remains unsold

Jonathan Chancellor

| Nov 2,2017

| 0 min read

A Brighton beachfront reserve weekend auction offering remains for sale after being passed in at $11.2 million.

The indicative selling price had been given as $11,500,000 to $12,650,000 for the 6 Cole Street offering.

HockingStuart auctioneer Peter Kennett placed vendor bids after the one bid came at $10,500,000.

The vendor bids were $11 million and $11.2 million.

The family estate of 1,400 square metres was offered for the first time offered in 51 years.

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.