Legal tycoon looks to cash in luxury coastal retreat

A Sydney-based executive is looking to trade in his stunning coastal property in a bid to move closer to family.

Border closures have meant that LEAP Legal Software Executive Chairman Richard Hugo-Hamman has only seen his Brisbane-based family on one occasion in the last 18 months, so he’s eyeing up a move further up the NSW coast.

That has paved the way for a buyer to swoop in and claim his four-bedroom beachfront paradise at 26 Paterson Road in Coalcliff.

“We haven’t seen our grandchild in Brisbane in the last year so we want to buy somewhere on the mid north NSW coast so both our daughter and son’s families can meet us halfway,” he says. 
 
“But it means we won’t have time to visit our Coalcliff home, so we wanted to pass it on to another family to enjoy.”

The immaculate weekender is heading under the hammer on February 13, and after an unprecedented market response, Ray White Helensburgh Principal Simon Beaufils is confident the property will fetch its mid-$3 million price guide.

“We had 200 enquiries within the first 24 hours – that’s a record-breaking number for us,” Simon says.

“The majority of those enquiries are people coming from Sydney, which is in line with what we’ve been seeing in the area as a general trend. Some are looking for a weekender to help them get out of the city while others are wanting to make a sea change permanently.”

The legal giant purchased the beachfront home only three years ago for $3,350,000 from ex-Premier Investments CEO Mark McInnes after falling in love with the property’s location.

“I don’t know how you could improve on the location. You have the ocean just steps from the house, there’s a tidal pool, surfing, diving, a creek and forest right there in your backyard. It will be really hard to give up,” he says.

“The proximity to the ocean was what drew us to the house originally. There are few properties that have steps directly from the property straight to the beach.”  

The marvellous residence boasts an outdoor spa and an alfresco dining area featuring a cosy fire pit, all with a front-row seat to one of the most idyllic stretches of coastline NSW has to offer.

Address

26 Paterson Road, Coalcliff, NSW 2508

Auction

Sat 13 Feb at 11:30am

Agents

Mattias Samuelsson
0466 627 226
Simon Beaufils
0417 001 140
Ray White – Helensburgh
 

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