Mark Bouris lists Double Bay apartment for $200,000 less than original purchase price

·

Greek Australian businessman Mark Bouris has listed his Double Bay apartment in block 1788 with a starting price $200,000 less than what he bought it for.

Ray White TRG agent Patrick Cosgrove and principal Gavin Rubinstein have a price guide of $3.5m-$3.85m ahead of a May 11 auction for the two-bedroom, two-bathroom apartment with parking at B302/20-26 Cross Street, across from the Intercontinental Hotel.

According to realestate.com.au, the wealthy businessman bought the apartment for $3.7m off-the-plan in 2017 in the name of ex-wife Katherine Bouris’s investment trust, of which he’s the trustee. The apartment’s construction and final design was only completed this year.

Patrick Cosgrove, however, says early indications are that the sale price will go well beyond the guide.

“I think there’s a very good chance we’ll hit that four [million-dollar] mark or over … we’ve got really good interest,” he said.

He says most of the interest so far is coming from professional singles and couple owner-occupiers.

“It’s state of the art — in terms of quality and finishes I’ve seen nothing better than this.”

Mark Bouris is the founder of financial planning firm Yellow Brick Road and Wizard Home Loans. The exclusive Double Bay apartment is reportedly the first to be re-offered to the market, although developers are still to sell a one-bedder, three-bedder and penthouse.

Sourced By: realestate.com.au

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Meet the Greeks among Australia’s top Green Energy players

A list of the 100 Top Green Energy Players in Australia has been released, and among the names are at least two Greek Australians.

Ange Kenos calls on the Greek community to donate blood and save lives

Melbourne donor Ange Kenos, 68, is calling for the Greek community to consider donating as it might save someone’s life.

‘The Aegean’ film in the mix for the 2025 AACTA Awards

The Australian independent film The Aegean is making waves in the 2025 AACTA Awards, securing nominations in major categories.

Labor’s Helen Politis elected Deputy Mayor of Merri-bek City Council

Labor's Helen Politis has been elected as Deputy Mayor of Merri-bek, marking a significant step for the seasoned community advocate.

Mario Christodoulou to executive produce ABC’s Media Watch

Award-winning investigative reporter Mario Christodoulou will become executive producer on the ABC's Media Watch program.

You May Also Like

Philippa Mathews, the Philhellene: ‘You can’t take Greece out of the girl’

“When I wake up in the morning, I don’t think in English but in Greek. I think I should have been born a Greek.”

Greek Community of Melbourne welcomes progress on Greek National Tourism Office

The Greek Community of Melbourne has welcomed the announcement by Greece's Ministry of Tourism on an EOT office.

34th HACCI Awards to recognise excellence within Greek Australian community

Marking its 34th year of operation, the Hellenic Australian Chamber of Commerce and Industry presents its annual Awards tomorrow night to the best and brightest of the Greek community.