Douglas Briese Carlton Investment Property to be Sold

The apartments, which occupy all of the third and fifth levels of a student accommodation building at 127 Leicester Street are being sold by his widow Amy, who has just signed on 28 new tenants.

Briese was a professional rally car driver and managing director of Scallywag Socks – a family business which manufactures footwear and children’s wear.

His death at the Targa East rally at Brewongle near Bathurst in 2004, aged 32, sparked calls for a bitumen racing ban – a debate later weighed into by Peter Brock’s long-time partner, Bev.

Peter Brock died in 2006 at the Targa West rally at Gidgegannup in Western Australia when his Daytona Coupe lost traction and slammed into a tree.

In a separate incident that year, three spectators were killed at a rally race in Tasmania when a Japanese driver crashed through a safety barrier.

Walsh Cairnes & Co director Valda Walsh, who is marketing the properties, said dozens of rental applications were received by students in January, and that the $220 per week rent charged to tenants, could reasonably be lifted to more than $240 million next year.

She expects the portfolio to sell for more than $4.6 million.

Amy meanwhile is moving to provincial Victoria for a tree change, and will continue to undertake social work activities.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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