Tamarama owners cash in on $13 million beachside auction sale

 An entire beachside apartment block in Tamarama sold for $13 million at auction on Saturday to a buyer who plans to knock it down.

The unison of the owners of four unrenovated two-bedroom apartments at 19 Dellview Street meant any buyer could demolish and rebuild. Interested parties were developers with knockdown-rebuild plans, two friends who wanted to build a house each and somebody who wanted to rent it out as is.

Four parties registered to bid and two actively bid in aggressive $500,000 increments.

Bidding opened at $8.8 million and the auction was all over in five minutes in front of a crowd of 50.

Read More: https://www.smh.com.au/property/news/tamarama-owners-cash-in-on-13-million-beachside-auction-sale-20230325-p5cv82.html



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