Sorrento's Sisters. Pay Less Pay Cash |
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Written by Marc Pallisco
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Tuesday, 15 April 2008 |
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Rumour in downtown Sorrento is that the $18.4 million price Melbourne’s wealthy Shelmerdine family is reported to have paid for “The Sisters” estate in Sorrento, fell far short of higher offers made during the five week campaign.
One well placed industry source told Secret Agent he is aware of several offers of more than $20 million made for the historically significant site, on 1.2 hectares fronting Sullivan Bay beach.
He believes the Shelmerdine family, which plan to build a home on the site to use as a weekender, offered to pay cash for The Sisters. He said this clinched the deal over higher offers which were on longer terms.
Secret Agent attempted to contact RT Edgar selling agent Ilze Moran to get to the bottom of the deal, but there was no reply.
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