The Block's South Yarra initial purchase auction
Jonathan ChancellorApril 26, 2015
The four renovated Block South Yarra apartments that go to auction this week cost $5.69 million when bought in one line in March last year.
There were three bidders, who pushed it to $570,000 over reserve price.
It was bought by The Block production company, Watercress Productions who faced competition from the omnipresent buyer's agent Frank Valentic.
The onsite auction was conducted by Beller Residential's auctioneer Robert German.
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The 27 Darling Street property was a three level brick apartment complex which includes 12 apartments (three two bedroom units, three one bedroom units) with 12 undercover parking spaces.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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