‘Death clause’ triggers an extra $1.2m for vendor
Michael BlebyDeputy property editor
We speak to the team behind the most intriguing recent property sale.
The property: Four lots on a 35.5-hectare block of rural farmland overlooking Kingscliff Beach at 117-147 Tweed Coast Road, Cudgen, NSW. Contracts were initially exchanged for an $11 million sale of the entire lot, but that fell through. Then it was sold as four separate lots for a combined $12,277,000.
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