Taj on Swan under offer after ‘marathon negotiations’

The Taj on Swan block.
The Taj on Swan block.

LESS than a week after being passed in at auction the ‘Taj on Swan’ is under offer.

Ray White director Vivien Yap sealed the deal for the 6582sq m block at 2 Bay View Terrace, Peppermint Grove last night and said it was a fantastic outcome.

“It felt like a marathon,” she said.

“We were negotiating with four parties after the auction and dealing with people locally and around the world, so it’s been frantic.

“The sellers were hoping for circa $17 million and they are very happy with the result.”

Mrs Yap said the buyer wished to remain anonymous, but she could say they had purchased the entire block.

“I think everyone will be pleased with the outcome,” she said.

“It’s a fabulous riverfront location and a piece of history and I think it will be a great result for Peppermint Grove.”