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The Wahroonga estate on two titles sold for about $7.35 million.
CASHED-UP buyers have been making offers of $2.5 million for a tennis court on its own title in Wahroonga.
The tennis court is part of the 2850sqm property at 10-12 Woodville Ave, which sold “pretty close” to the asking price of $7.35 million, according to selling agent Darren Curtis, from Christie’s International Real Estate. It includes a five-bedroom house.
“I could have sold both (titles) separately and I had several groups who would’ve bought the tennis court straight away for about $2.5 million,” he said.
This on its own could be worth $2.5 million.Source:Supplied
The main five-bedroom house is on a separate title from the 968sqm court.Source:Supplied
But the buyers, a family from the upper north shore, have no intention of cashing in on the second title of 968 sqm, which just includes “a bit of lawn and the court”, because they liked the idea of living on a large estate.
“The fact that it is on two titles means the option to sell off the tennis court is there,” Mr Curtis said.
He added that the location of the home near the schools was the driving force for the buyers’ decision.
Former Noni B co-CEO David Kindl (right) has offloaded his Wahroonga property.Source:News Limited
The vendors David Kindl, one of the former chief executive officers of women’s fashion retailer Noni B, and wife Margaret are downsizing to a 1880s Victorian house in Kirribilli, which they paid $5.85 million for.
They bought the Wahroonga home for $2.1 million 15 years ago, CoreLogic records show.
There were five serious offers made on the property.Source:Supplied
Mr Kindl, his father Alan Kindl, who founded Noni B in regional NSW in 1977, and twin brother James Kindl, who also held the role of chief executive officer, sold their stake in the company for 51c a share in 2014.
Mr Curtis said out of at least 30 inspectors of the property, five groups made offers on the property.
All the interested buyers were families, mostly from the upper north shore with some overseas buyers in the mix.
He said that the foreigner stamp duty surcharges “won’t be cost-prohibitive at the very top end”, despite the frustration.
“Those families that are looking to get in the area will just see that as the cost of buying.
“The draw of the area will overcome those increased costs.”
Originally published as ‘We had $2.5m offers for the court’