Receivers list Mark McIvor’s former Double Bay residence Teralla
Teralla, the occasional former Double Bay residence of embattled Gold Coast merchant banker Mark McIvor, the former managing director of Equititrust, has been listed by receivers.
Set on a 746-square-metre Cooper Street block, the four-bedroom Victorian house was bought by MM Capital Pty Ltd for $4.7 million in 2005. Laing+Simmons Double Bay agent Bart Doff could be expected to secure more than its last sale price given its renovation alone when offers close May 29. There was a huge crowd at Saturday's first open for inspection after the local paper gave it a big write-up.
Some were also taking a look at a nearby Cooper Street townhouse terrace development where sales of between $2.55 million and $3.05 million have been achieved since April last year through 1st City - Hasemer + Caldwell.Eyles in conjunction with David Newgrosh Real Estate.
Teralla has been vacated by tenants in recent times but has been furnished for its marketing campaign.
The Alex Popov-designed, Cronin Island Gold Coast home of McIvor and his wife, Stacey, sold to Fulton Transport boss Gary Fulton earlier this year, with the official paperwork showing a $6.75 million price, which stumped seasoned Gold Coast property experts, who'd imagined something closer to its $ 4.4 million auction passed in highest offer.
