Sole bidder snaps up Auckland party house, says no to ‘free’ Lamborghini, All things property, under OneRoof
Buyers of luxury homes in Auckland and Thames recently declined high-value vehicles offered as free purchase incentives. A Flat Bush home sold without a $300,000 Lamborghini, and a $1.275 million Thames property sold without a $50,000 Lincoln Continental, according to agents from Ray White AT Realty and Bayleys.
Why did buyers reject luxury cars in Auckland and Thames?
In Auckland, a three-storey home on Grand Ridge Drive in Flat Bush sold after lengthy negotiations. The owner, Yousef Mansour, offered a 2021 Lamborghini Huracan EVO RWD valued at $300,000 as part of the deal.
Ray White AT Realty auctioneer Robert Tulp confirmed the vehicle was not included in the final sale. The property had previously failed to reach its reserve at auction after bidding stopped at $1.7 million.
Similarly, a property on Clarence Street in Thames sold for $1.275 million to a local businessman. The buyer declined a 1975 Lincoln Continental Mark IV, which was offered as a “sweetener” by the vendors.
What factors influenced these property sales?
Yousef Mansour told OneRoof he decided to sell the Flat Bush home and the Lamborghini because he is expecting his first baby. He stated that neither the “party” house nor the car were “baby-friendly.”
The Auckland property featured high-end Buster + Punch fixtures, a black-and-white color scheme, and an 8m kitchen. Mansour noted the home was designed for entertaining guests and included an inground pool.
In Thames, Bayleys listing agent Karl Davis noted the car helped the listing stand out and showed vendor motivation. However, Davis observed that luxury cars can be a “curse” due to storage costs, which can reach $100 a week.
What happens next for the luxury vehicles?
The owners of the Thames property are moving to Cambridge to be closer to family. They are now considering how to handle the sale of their classic Lincoln Continental.
The Auckland vendor may similarly seek a separate buyer for the 2021 Lamborghini. Since the home is now sold, the vehicle likely remains an independent asset for the Mansour family.
Frequently Asked Questions
- What was the final sale price of the Thames property? The house on Clarence Street sold for $1.275 million, which was several thousand above the $1.237 million reserve.
- Why did Yousef Mansour include a Lamborghini in his home listing? Mansour stated he wanted to “get it out of his system” before having a baby, as the car is not baby-friendly.
- What was the rated value (RV) of the Thames home? According to Karl Davis, the property’s RV was $1.79 million, a figure he described as “well over the top.”
Do you think offering luxury “sweeteners” like cars actually helps sell high-end real estate, or are they just distractions?