Brisbane businessman drops $3m on penthouse the day he first inspects it

A Brisbane-based businessman has bought a multimillion-dollar Toowong penthouse the day he saw it, little more than a week after the apartment hit the market.

The buyer — who selling agent Emil Juresic declined to name — owns importing and exporting companies in several countries.

“The buyer saw the place yesterday, twice,” the NGU Real Estate principal said. After visiting the property on the Wednesday morning, the buyer came back at seven o’clock that night with his family.

“I left him for one hour in the place with his family. I came back an hour later and the contract was on the table.”

Mr Juresic presented the offer of $3,075,000 to the sellers that night, even though they live on the southern tip of the Gold Coast.

“I drove all the way to Coolangatta at 11pm to finish the sale,” he said.

By midnight, the ink was dry and the offer accepted.

The relatively quick sale has left others in the property industry impressed, because prestige property in Brisbane can be notoriously difficult to move.

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“Having it sold in one week is really good, you don’t see that much. Especially high end properties,” Red & Co’s residential sales director Anthony Oddo said. “Sometimes they take four to six weeks and sometimes they take even longer.”

Mr Oddo suggested the sale may have been as fast because of the uniqueness of the property.

“There’s all that talk about units struggling but if you’ve got something that’s unique, it doesn’t have to be $2 million plus, it will sell and you won’t have to struggle to resell,” he said.

The penthouse at 37 Archer Street is certainly something special, featuring a huge New York-style void in above the living areas, 180 degree views of the Brisbane river from the two storey, floor-to-ceiling windows, and unbeatable city views. It also has four bedrooms, a rooftop spa, and nine car parks.

Mr Juresic put the speedy sale down to the quality of the unit and his team’s marketing strategy.

“We had a great product to sell, it’s got a great location too. It’s on the money,” he said. “I don’t want to sound arrogant but I always say this, I sold over $50 million in property in a year for one reason: my marketing strategy works.”