South Sydney Rabbitohs boss Shane Richardson must be feeling the uncertainty a little more than most this week. On Thursday, he resigned from his executive position at the club to alleviate the economic stress brought on by the early closure of the season due to coronavirus.
And he also has to contend with uncertainty over the sale of his Little Bay penthouse.
The three-bedroom top-floor apartment on Harvey St, which has 270-degree ocean and city skyline views from the north-facing wraparound terraces and New York-style rooftop gardens, has been on the market since mid-November last year, with an asking price of $2.25 million to $2.35 million. It was pulled from auction and the asking price lowered to a guide of $2 million to $2.15 million.
While McGrath Coogee agent Marnie Seinor secured a Singapore buyer, the apartment has been under offer for three weeks with the buyer yet to sign the sales contract. But the current market conditions, including the decision to ban on-site auctions and open for inspections, has not dampened Seinor’s positivity.
“Yes it’s challenging but we just have to have a different approach,” Seinor said. “We are still showing properties by appointment and McGrath started online auctions two weeks ago. The feedback is people feel comfortable bidding from their loungerooms. Vendors are being more realistic and buyers are able to lock in good interest rates.”
Earlier this year, Richardson announced he would retire at the end of the 2021 season.
It is understood he and his wife Kate were on the lookout for a smaller home in the same neighbourhood.
The couple, who in 2014 sold their Coogee semi for $1.68 million, bought a three-bedroom house in Little Bay, which they then sold in 2017 for $1.9 million in order to downsize into the penthouse.
– With additional reporting from Mercedes Maguire