Orthopaedic surgeon upgrades Woolwich waterfronts: Title Tattle

Orthopaedic surgeon upgrades Woolwich waterfronts: Title Tattle
Jonathan ChancellorDecember 8, 2020

Orthopaedic surgeon Malcolm Glase has sold his redundant Woolwich riverfront residence, which was initially listed last November.

Its most recent asking price was $4.5 million plus through Matthew Ward of Ward Partners, who’d had $5 million original expectations. No final sale price has been revealed.

Located at the tip of The Point Road, the four-bedroom house comes complete with boat shed and ramp. There is also approval for a pool on the 607-square-metre block.

It last traded for $3.75 million in 2001. Glase is upgrading to a nearby Angelo Street trophy mansion, which he snapped up for $9.2 million after it was listed for mortgagee-in-possession sale.

It was the home sought by the prominent Obeid family in an off-market deal from mobile phone seller Mick Hakim, who’d paid $11,005,000 in 2007.

The Obeid family's purchase hopes were dashed as one of Hakim's creditors deemed the mooted $8.5 million sale as below the market value and threatened proccedings against National Australia Bank, the first mortgagee.

The Glase's Italianate residence acquistion sits on a 2,037 square metre Lane Cove riverfront block with a prized north-easterly aspect.

It had been on the market at $13.5 million sometime before the Obeid deal that never was consumated.




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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