Auction date set for The Block 2018 Gatwick Hotel apartments
WHO WON THE BLOCK 2018: READ OUR STORY HERE…
The auctions for the five apartments, the subject of the 14th series of TV show The Block, appear set to take place in the evening of Saturday, October 27, 2018 – with the results to air in a season finale on Sunday, October 28.
Five oversized apartments have been configured into the former rooming house for generations known as The Gatwick Hotel. TV show creator Watercress Productions extended the three-level building by a floor to create the new dwellings.
The apartments carry varying reserve prices (refer our rundown below).
The winning team is judged as the contestant whose dwelling sells for the biggest margin over the reserve. They will bank $100,000 prizemoney, plus the value over the reserve that their apartment sold for.
Watercress paid $10 million for the St Kilda hotel at 34 Fitzroy Street in mid-2017.
The producer recently lodged plans to replace the Oslo Hotel in Grey Street, St Kilda, with five terrace homes – as it prepares for its 15th season.
Channel Seven also recently purchased an industrial site in Sydney for a property-themed reality TV show – paying about $3 million ahead of a scheduled auction.
A rundown of The Gatwick Hotel apartments:
1/34 Fitzroy Street, St Kilda
Contestants: Kerrie & Spence
Price guide: $2.5 million to $2.7 million
Internal area: 257 square metres
Agents: Hocking Stuart’s Stephanie Evans and Emily Adams
2/34 Fitzroy Street, St Kilda
Contestants: Courtney & Hans
Price guide: $2.2 million to $2.4 million
Internal area: 270 sqm
Agents: Wilson Port Phillip’s Jesse Raeburn and Graeme Wilson
3/34 Fitzroy Street, St Kilda
Contestants: Hayden and Sara
Price guide: $2.5 million to $2.7 million
Internal area: 250 sqm
Agents: McGrath St Kilda’s Michael Townsend and Josh Stirling
4/34 Fitzroy Street, St Kilda
Contestants: Norm and Jess
Price guide: $2.55 million to $2.75 million
Internal area: undisclosed
Agents: Hocking Stuart’s Sam Inan and Julian Cannata
5/34 Fitzroy Street, St Kilda
Contestants: Bianca and Carla
Price guide: $2.5 million to $2.7 million
Internal area: undisclosed
Agency: The Agency Melbourne’s Michael Paproth and Peter Kakos
