The striking Collingwood warehouse-style home to the family of MoVida head chef Frank Camorra has sold $85,000 above expectations in an after hours auction.
Camorra appeared in a video walk-through of the home at 4/93 Oxford St, extolling the virtues of its kitchen while preparing several meals and giving tips for cooking at home.
He said he had relished “the amazing pleasure” of cooking in the entertainer’s kitchen, designed so the chef could remain part of the conversation, at the home to his in-laws for the past 11 years.
But there may not be anybody cooking up a storm for the near future, with the $2.085 million top offer for the home coming from a Hong Kong-based expat who inspected the home via a WhatsApp video call and is not expecting to move in for 12 months.
The sale is well above the $1.85-$2 million price guide set for the home.
Jellis Craig’s Simon Shrimpton said after three offers close to the $2 million mark in an expressions of interest campaign for the home, he had ended up calling an informal auction to confirm a buyer last week.
“I tidied up my dining room table, put on a jacket and ran the auction from there,” Mr Shrimpton said.
He said expressions of interest sales had the flexibility to be reverted to pseudo-auctions, though buyers were still entitled to cool off or stipulate conditions at the end of the process.
“And in a market where there can be a degree of uncertainty, having that option to apply some flexibility at the end is important,” Mr Shrimpton said.
“So the thing to take from this is that with the right process, results are still achievable.”
Another property in the same building has already followed the same path, initially calling for expressions of interest but now scheduled for a private auction next week.
Mr Shrimpton said 10 bidders were already registered for the warehouse-style apartment at 18/93 Oxford St, Collingwood.
“We have just changed it to a private auction next week, with 10 buyers registered already,” he said.
“It’s a single level and half the size, and engaging a very different part of the market, but doing so very, very well.”
The apartment has an $800,000-$850,000 price guide, with a mix of professional couples, downsizers and even first-home buyers showing interest.