Family affair for Seymour siblings who snap up $17.35 million New Farm icon

An iconic riverfront site at New Farm has sold for a whopping $17.35 million just days out from Christmas.

Fronting the Brisbane River on Oxlade Drive with views across the water to the CBD, the four separate 597 square metre vacant lots totalling 2388 square metres is understood to have been purchased by three of the grandchildren of Queensland rich-lister Kevin Seymour.

This marks the first step into property development for siblings Kate, 25, Trent, 23, and Ben, 21, who will reportedly have their veteran developer grandfather on hand for advice.

Domain understands the Seymour grandchildren bought two of the blocks in November, with plans to build a boutique apartment project – but later decided to take the whole lot, purchasing the entire site.

The sale went unconditional yesterday.

Marketing agent Matt Lancashire, principal of Ray White New Farm, fielded nine offers and 210 inquiries from across the globe during the campaign, describing the interest as “unprecedented”.

“We had a huge amount of interest from Melbourne, from China and also from retirement home companies. We also had a huge amount of interest locally,” he said.

“This was a once-in-a-generation real estate opportunity; these golden parcels of land are the last of their kind. It is fair to say that opportunities to sell incredible offerings like this do not come along everyday.”

It’s been a massive year for Lancashire, who’s personally sold close to $100 million in property. His office sold more than $70 million just in the month of November.

“Buyers can’t get enough of New Farm and can see the value … there’s a finite number of houses on this peninsula, which means demand is always going to outstrip supply,” Lancashire said.

The most expensive residential property sold in Brisbane this year was also in New Farm; the off-market purchase of a three-level riverfront home at 89 Welsby Street was made by Australia’s richest female CEO, Maxine Horne, for $10.5 million.