‘Hotly contested’ auction sees one-bedder on a big block snapped up

first_img Coffee king’s home in bargain sale Feel safe with bullet proof doors Inside 5 Mcilwraith Avenue, Norman Park. 5 Mcilwraith Avenue, Norman Park sold at a “hotly contested” auction.Mr Lord said Basils was on an elevated 890sq m corner site and had “an array of incredible industrial, commercial, or potentially residential opportunities”.He said there was scope to convert the space into personal or multiple residential dwellings.“It could also be used as a warehouse storage space, an art-house or continue to produce coffee,” Mr Lord said.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago“Zoned Low Impact Industrial, the site currently accommodates a huge brick warehouse constructed in 1966, which has been operating long-term as a coffee roasting and food distribution business”. Noosa mansion comes with nightclub center_img MORE QLD REAL ESTATE NEWS: 5 Mcilwraith Avenue, Norman Park has sold for $1.8 million.A one-bedder on a busy intersection in East Brisbane has fetched a whopping $1.8 million at auction amid a buyer frenzy. The site, better known as ‘Basils’, was also a well known coffee roasting business.Belle Property – Bulimba selling agent Darcy Lord said 5 McIlwraith Avenue, Norman Park, was advertised as a one-bedroom, two-bathroom property and offered to the market for the first time in 53 years. 5 Mcilwraith Avenue, Norman Park.He said the “hotly contested” auction was recently held with 10 registered bidders wanting the piece of prime property.“It’s a very unique location on a large block of land with a big frontage,” Mr Lord said.He said the new owners were in discussions as to what to do with the site.“The people who bought it run a commercial fitout business,” he said.“We had about 40 to 60 people at the auction. People that were interested in the property have driven past it for many years.”last_img