The recent Easter auction of five lots in the emerging Grossmans Ridge community, saw for a great family event, with kids kept very well entertained finding Easter eggs and enjoying the jumping castle, while their parents concentrated on getting down to the business of securing their dream home site.
Conducted by Cyan Property Torquay, the auction drew a very large crowd made up mostly of young families looking to call the larger lifestyle lots of Grossmans Ridge home. With strong bidding on every lot, all five lots ranging from 2,920sqm to 4,000sqm sold on the day with exceptional results, proving the demand for larger lifestyle lots is exceptionally strong in our coastal hinterland areas.
Selling mostly to young and growing families, Lot 42 sold for $670,000, Lot 50 sold for $650,000, Lot 45 sold for $655,000, Lot 49 sold for $650,000 and the larger one-acre Lot 39 sold for $730,000.
Cyan Property director Michael Ferris said that it was great to see a large crowd show up on the day and make it an exciting auction.
“The auction worked well at gaining the market value for these great lifestyle blocks,” Mr Ferris said.
“With so many local families wanting to secure a large lifestyle block, the auction was a great success.
“At Cyan Property we focus on vendor results and matching people with their perfect property or investment opportunity.
“When selling property, I feel it is crucial to employ an agent that is working for you and not themselves as it’s about you, not us or our brand.”
With Stage 1 civils at Grossmans Ridge now completed and very close to compliance sign off, the shrewd Stage 1 purchasers will soon be able to get on with building their dream home.
With much of the critical infrastructure now in place, the following stages should come to fruition in a timely manner, allowing owners to move ahead with their lifestyle journey.
Grossmans Ridge is a boutique acreage residential estate set within Torquay’s growth boundary on the edge of town where Torquay meets Bellbrae’s hinterland.
Located on an idyllic stretch of elevated countryside, Grossmans Ridge Estate is a place where families can create their long-held dreams, where a house surrounded by open spaces and natural beauty becomes a home.
With allotments ranging from half an acre up to two acres, and all of Torquay’s outstanding schools, shops, sporting facilities and world-renowned surf beaches close by, blue skies, fresh air and your new healthy lifestyle is waiting.
For more information on the future release of lots in Grossmans Ridge Estate, phone Cyan Property’s Michael Ferris on 0488 005 884.