Monday, 29 April 2024
    $950k estate goes to charity
    01
    Sep
    Philanthropy

    $950k estate goes to charity

    Guide Dogs Australia will receive a sizeable chunk from the $951,000 sale under the hammer of a Robina home, as per the wishes of the late owner, RealEstate.com.au reports.

    Aussie expat pastor Joshua O’Sullivan made the top offer for the deceased estate, which was hotly contested by 21 bidders at the weekend auction.

    The property on a 773 sqm lot was listed by Ben Williams, of Re/Max Real Estate, on behalf of the Public Trustee, and auctioned by Rob Doorey, of Apollo Auctions.

    The entire sale price was donated to nominated charities, with Guide Dogs Australia a main beneficiary.

    Mr Doorey fielded an opening bid of $800,000, with a total of 35 bids received before Mr O’Sullivan topped up the penultimate offer with another $1,000 to take the keys.

    “The winning bidder jumped in at $900,000 and went toe-to-toe with an overseas investor and won the auction with a $1,000 bid,” Mr Williams said.

    “With 21 registered bidders on the day I thought we may hit $1m, but $951,000 is a good price considering the condition of the property.

    “Six building and pest inspections were completed and all failed because the property is in disrepair, so $951,000 is absolutely fair market value.”

    FULL STORY AND PHOTO

    Pastor blitzes 20 other bidders at charity home auction (RealEstate.com.au)

    Deceased Gold Coast estate sells at auction for $951,000 with all proceeds going to charity (Domain.com.au)