310/42c Formosa Street, Drummoyne
Address: 310/42c Formosa Street, Drummoyne

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Sold, 23rd May 2023

Agent: Alexander Trovato

35

Groups inspected

26

Days on Market

5

Contracts issued

185

Enquiries

By conducting an auction campaign with the aim of drawing offers prior to auction, Alexander Trovato and Daniel Patterson were able to secure an impressive price for a two-bedroom apartment gazing over Iron Cove at 310/42c Formosa Street Drummoyne. The two were engaged to sell the property as they have a significant history of successful sales in the landmark building by Fender Katsalidis Architects, whereas some other agents that have sold in the block have been unsuccessful.

Alexander comments, “To assist with the sale we took into consideration the vendors’ desired timeline for their changeover goals. In response, we implemented a distinctive strategy by initiating a listed auction campaign that also allowed for offers prior to the auction date. This approach proved beneficial as we were able to sell the property before the scheduled auction, effectively meeting the vendors’ expectations within the projected timeframe.”

“To find the right buyer we employed the strength of our extensive database combined with our in-depth understanding of potential purchasers who were actively looking for opportunities within the building even before the property was listed. This strategic approach enabled us to connect with the right buyer for the property and successfully facilitate the sale.”

“Demand was moderate given the uncertain climate at the time and the rising interest rate environment. Another challenge we had to navigate was the fact that another property was available in the building which was larger in size and considered in a better position.”

“We supported the vendor by offering extensive feedback and detailed reports that provided valuable insights into the pricing range. We also highlighted the aspects of the property that resonated with potential buyers as well as areas that may have been less appealing. This thorough analysis allowed us to guide the vendors effectively through the sale, ensuring they were well-informed and able to make educated decisions at each stage.”

The team’s strategy proved successful as the apartment ultimately sold prior to auction on 23 May 2023 for a strong price of $1.215m.

Alexander Trovato

Alexander
Trovato

0416 557 515 

What did the client have to say? ‘’We had an amazing experience working with Alexander selling our apartment. He exhibited the utmost professionalism, knowledge and dedication to achieving the best outcome for us, including an exceptional understanding of the current market. Throughout the entire process Alexander kept us informed and his proactive approach ensured a hassle-free experience. We couldn’t be happier with the service he provided and his expertise and commitment to achieving outstanding results were truly commendable.”