Why is the sandringham house still listed on the ASX?
Posted August 09, 2018 07:50:18The ASX has yet to register a sale on the house on the Sandringham Estate.
The listing of the Sandstone Estate is for sale by the developer of the property, Andrew Gorman, who says the home is worth more than $1.2 million.
Gorman says the house is currently in private ownership.
He says the sale will be announced later this year.
The Sandstone estate is located just north of the iconic Wollongong beaches.
The ASx registered a sale of the properties worth more then $1 million last month.
It is not the first time the property has gone up for sale.
The listing on the Real Estate Council of Australia (RCEA) website was put up in May this year for $2.2-million.
A previous listing in February this year went for $1,950,000.
The Sandringam house is situated on a 10-hectare plot with the beach on the corner.
The owner is said to have been interested in the property for a number of years.
Gormann says the property is a family owned property.
He says it is a “fairly typical, typical, modern Victorian town house”.
The Sandray Hills have been listed on several other websites in the past.
In 2016, a buyer paid $1-million for the property.
A Sydney-based real estate agency bought the property in the early 2000s for $600,000, but the sale was later cancelled.
Gammons family owns the property as well as other properties including the Gorman family’s property on Sydney’s Central Coast.