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

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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

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