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

Cretan Convention - Web Banner

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

Greek actor Petros Filippidis handed suspended prison sentence for attempted rape

Greek actor Petros Filippidis was sentenced to three years in prison with a three-year suspension by the Athens Mixed Jury Court of Appeal.

Greece’s Foreign Minister visits Tripoli to strengthen Greek-Libyan ties and promote dialogue

Greek Foreign Minister George Gerapetritis met with Libyan officials in Tripoli on Tuesday, July 9, as part of efforts to strengthen ties.

Australia’s Cypriot communities to mark 51 years since Turkish invasion of Cyprus

Cypriot communities across Australia are preparing a series of events to mark the 51st anniversary of the Turkish invasion of Cyprus.

From Bexley to Thessaloniki: Dimitri Sidiropoulos’ rise in Greek volleyball

Dimitri Sidiropoulos has has spread his wings and is showcasing his athletic talent in Greece, devoting his full love to volleyball.

STEM holiday program by Greek Community of Melbourne Schools a hit

The Greek Community of Melbourne’s Schools recently completed a successful and engaging educational initiative titled “STEM in Their Element"

You May Also Like

‘We Won’t Forget’: Thousands march for Tempe train victims in Greece

Thousands in Greece march for justice, demanding accountability for the 57 victims of the Tempe train disaster.

Post-Byzantine churches sustain significant damage in Attica fires

While most Ancient Greek antiquities remained untouched by the recent fires in East Attica, two post-Byzantine churches have been damaged.

TGH EXCLUSIVE: When George met Ranmeet…how difficult is a cross-cultural marriage in multicultural Australia?

When George Kantzios and Ranmeet Jassal decided they wanted to spend the rest of their lives together, they agreed that no external factors should...