Real Estate

Top offer breaks $1M but falls short of securing rare Belmont property

Written by The ReReport
As seen in the Source link, written by realestate.com.au on 2019-07-09 14:37:00

Buyers still have a chance to get their hands on 39-41 Roslyn Rd, Belmont.

A TOP offer of $1.010 million was not quite enough to take a substantial former acupuncture clinic in Belmont with a super flexible floorplan off the market.

The six-bedroom, 1152sq m property at 39-41 Roslyn Rd passed in at auction on Saturday on a lone bid of $900,000.

The kitchen at 39-41 Roslyn Rd, Belmont.

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Ray White, Highton agent Matthew Constantine said the highest offer later put forward was $1.01 million.

“It’s on the market for $1.090 million so we’re not a mile away,” Mr Constantine said.

“Most of the interest was as a big family home with income potential on the side as well.”

Ray White, Highton agents Matthew Constantine and Matthew Hunt auction 39-41 Roslyn Rd, Belmont on Saturday.

The massive main house is complemented by a separate commercial space with a reception area, waiting room and treatment rooms off to the side, as well as a separate bungalow in the backyard, a four-car garage and further four covered parking spots with rear lane access.

Mr Constantine said there were several sole practitioners who had expressed interest in running their businesses from the site.

But he said the size of the property, which has a 40m frontage and offers two titles, presented buyers with a wide range of options.

This consulting space lends itself to a health business.

“It’s something very unique in the marketplace and it has been a very long time since it has been on the market,” he said.

Only a handful homes have broken $1 million in Belmont, where the median house price rose 5 per cent to $530,000 in the 12 months to March, according to CoreLogic. A period house on about 3000sq m at 195 Roslyn Rd is the highest reported house sale, selling for $1.3 million in 2016.