The view from upstairs at the Charlesworth Bay home and (inset) some of the large crowd that attended the auction.
The view from upstairs at the Charlesworth Bay home and (inset) some of the large crowd that attended the auction.

Koops Martin home sells for $2.1m

IT is the blue ribbon address with the ‘interesting’ past.

Around 70 people were on hand at 13 Charlesworth Bay Road on Saturday to watch an exclusive Coffs Coast property go under the auctioneer’s hammer.

This upmarket sale attracted a bit more local curiousity than normal given it belonged to the principals of LKM Capital, Rolf Koops and his wife Sandra Martin.

LKM collpased in August 2008 owing $63 million.

Their home was passed in at auction but was later sold privately for $2.1 million.

“I thought it could have gone for more,” said Real Estate of Distinction principal Peter Stone.

Mr Stone declined to say if the new owner is a local person but there is no doubt they have purchased an impressive abode.

The three-level home has five bedrooms and four bedrooms as well as an internal lift between floors. The new owners also have the pleasure of direct beach access and a large in-ground pool.

“Given the quality of the home and the location, it was always going to sell,” Mr Stone said.



Sawtell in the pink

Sawtell in the pink

Sneaking suspicion of an upset at Coffs

Sneaking suspicion of an upset at Coffs

Club championships at Coffs Harbour Golf Club start today.

Hartsuyker bypasses questions on leadership vacancy

Hartsuyker bypasses questions on leadership vacancy

Hartsuyker won't be making any further statements at this time.

Clyburn keeps challengers at bay at Bonville

Clyburn keeps challengers at bay at Bonville

Overnight leader maintains two shot Australian Ladies Classic lead.

Local Partners