Gold Coast property going to auction with no reserve

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:37Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:37 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenSpring selling predictions for 202002:37A BURLEIGH Waters property is going under the hammer this weekend with no reserve.The unusual offer means the townhouse could theoretically sell for just $1 if only one bid was placed.Agent Ben Williams, of Remax Regency, is marketing the residence at 39/5-15 Galeen Drive – it will be offered to the market on Saturday alongside another townhouse in the complex.A Burleigh Waters townhouse is going under the hammer this weekend with no reserve. Remax Regency Marketing agents Andrea Wiliams, Ben Williams and Natalie Mayne. Picture: Jerad WilliamsMORE NEWS: Gold Coast property: Upper Coomera house ‘on top of the world’Real Estate: Not your typical Gold Coast property“It is a unique situation as one of the properties is a deceased estate that the trustee has ordered to be sold under the hammer with no reserve plus the other property next door is a fully renovated property that also needs to be sold on the day,” he said.“It’s an incredible opportunity to purchase a slice of Burleigh paradise.”39/5-15 Galeen Drive, Burleigh Waters is going under the hammer with no reserve.Mr Williams said he had been inundated with inquiries since launching both properties to the market earlier this month.“The amount of inquiry from first home buyers has been incredible,” he said.“It’s just the lack of supply for first home buyers on the southern Coast.“That’s what’s made these two properties so popular, they have to be sold on the day and they are the perfect price for first home buyers looking to break into the Burleigh market.”And while Mr Williams doesn’t believe the deceased estate will actually sell for $1, the no reserve auction would still go ahead.“The trustee said it has to be sold so it will sell for whatever it goes for on the day,” he said.“It’s a smart move really by the trustee and the other seller to auction their property on the same day.“With all that pent-up demand, there will be a lot of competition with many first home buyers battling it out.”14/5-15 Galeen Drive, Burleigh Waters is also going under the hammer.More from news02:37International architect Desmond Brooks selling luxury beach villa6 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoMr Williams said the southern Gold Coast property market continued to run hot, particularly with first home buyers.“The government has all of these incredible incentives for first home buyers at the moment,” he said.“There are all of these incentives but nothing to buy and all of a sudden we’ve got two properties on offer in one day.14/5-15 Galeen Drive, Burleigh Waters.“If anything, COVID-19 has created a mini boom and we’ve seen this every day on our sales results.“The final sales results for property on the southern Gold Coast has been astronomical.”The deceased estate at No. 39 is a four-bedroom townhouse while No. 14 is a renovated three-bedroom two-bathroom townhouse.The auctions will be held poolside in the complex from 12.30pm.last_img