Huge offer for six-bedder too good to turn down

first_imgThe home at 390-402 Benhiam St, Calamvale.A CHINESE buyer has paid $7 million for a property with two titles in the outer Brisbane suburb of Calamvale — but he has no plans to develop it.The six-bedroom, brick home on a huge 20,400sq m site at 390-402 Benhiam Street attracted more than 100 people to its first open home, but there was one offer the owners could not refuse.Ray White Sunnybank Hills principal Eric Li, who negotiated the sale, said the buyer offered $7 million unconditional with a two-week settlement on the spot.“He just wanted to buy straight away,” Mr Li said.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020“He could see the competition and didn’t want to miss out.” The property at 390-402 Benhiam St, Calamvale.Mr Li said the buyer had been looking for a big block of land in the area and was very keen to buy.Perhaps surprisingly, he plans to move straight in with no intentions of developing the property.Mr Li said it was another example of the appetite from Chinese buyers for property in the Sunnybank area.The house is about 25 years old and has five bathrooms and a 10-car garage. It’s close to public transport, shops and Sunnybank. Calamvale is 17km from the CBD and has a median house price of $650,000.last_img

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