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Ray White Lower North Shore Sold 12-14 Hopetoun for a Record Price!

By Claire Tracey

Geoff Smith and Richard Harding, Directors of Ray White Lower North Shore, have sold 12-14 Hopetoun Avenue Mosman for a suburb record achieving $25,000,000 for the 2400sqm waterfront property. In conjunction with Sandy Dunn from the Agency, there has been one official campaign with Geoff and Richard remaining consistent and dedicated to the property and its sale.

In recent months Geoff Smith and Richard Harding have now sold three of Mosman’s most expensive properties which include 1-3 Burran Avenue, 92-94 Bay Street and now 12-14 Hopetoun Avenue. Theses three properties alone equate to a staggering total of $68,000,000 worth of real estate sold.

The vendor of 12-14 Hopetoun Avenue, Mr. Wai Kong Lo, had continually been open to selling the hallmark property however, recently changed the quoting price to reflect the current market which spiked both enquiry and interest from overseas, interstate and local buyers.

It was a Mosman resident who  managed to secure 12-14 Hopetoun Avenue.  Ironically, Mr Smith has known the buyer for more than 25 years and said that the savvy investor was finally in a position to  acquire the property as a long term asset.

Over the duration of the campaign there were over 40 serious buyer inspections and in excess of 1500 enquiries.

Geoff Smith said he was delighted to have finally sold this spectacular property. “After four years we are pleased to be able to say that a local resident, who we have known for over 25 years has purchased 12-14 Hopetoun Avenue. This unique Mosman pocket, is home to some of Sydney’s best properties. The area is experiencing what I call a domino effect off the back of our recent sales. We are listing two additional properties of similar calibre in the coming months which are likely to achieve great results based on the quality of the buyer pool 12-14 Hopetoun Avenue has created.”

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