Nine properties are set to come up for sale at a charity auction with a price guide of just $1.
The properties in Normanhurst consist of eight freestanding four bedroom brick houses and a vacant block of land – reminiscent of the type of auctions seen on The Block.
While the properties are being marketed by Ray White Upper North Shore agent Thomas Merriman alongside Saliba Estates Agents’ Josh Saliba with a $1 guide and $1 reserve, their total value could be in excess of $12m when they sell.
The properties are currently owned by the Seventh Day Adventist Church, with plans for the proceeds from the sale to go towards service apartments for nurses from the Sydney Adventist Hospital in Wahroonga.
The sale includes properties ranging from 64 to 77 on Mount Pleasant Ave.
Mr Merriman said the properties were situated close to schools, the station and shops.
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“The exciting thing about this is that we’re going to have a block of land with a $1 guide and a $1 reserve. Ideal for those interested in buying a house to live in, or a block of land to create something on,” Mr Merriman said.
The winning buyer will also be offered the chance to work with Deb and Andy from Season 15 of The Block for styling tips.
“We are offering the successful purchasers of each property a design consultation for two hours to discuss renovation or redevelopment ideas, interior design and furniture selection,” the pair said in a statement.
“We are always eager to get involved in anything property or design related, but the thing we loved most about this project is the admirable cause behind the sale.”
Acquired by the Seventh-day Adventist Church in 1898, the properties are part of a 64.2 hectare parcel of land.
Adventist Healthcare CEO Brett Goods said the new accommodation would provide housing closer to the hospital and would replace the ‘very old and unappealing’ current properties.
“The Seventh-day Adventist Church remains committed to maintaining the bush reserves around the hospital and behind some of these properties, making it available to the community for recreational and leisure activities,” Mr Goods said.
“We are all very conscious of the high cost of housing in Sydney. It is one of the challenges to recruitment and retention of health workers.”
Auctions for the properties will be held on-site on the 1st December, to be sold in a row.
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