Today, a land listing on The Esplanade in the heart of Brighton’s Golden Mile came on the market, asking $4m for its postage-stamp sized 825sqm lot. Although a raw chunk of land being listed on The Esplanade is likely Radical Terrace worthy in its own right, this listing carries even more significance as it’s being chopped off from the long-listed mega-mansion ‘Kinane’. Kinane (pictured below) last sold in July 2006 for $9m and emerged on the market over a year ago with $20m+ hopes. It would have provided the owners with quite a hefty profit had it sold - but, alas, no takers. So what are agents Ian Jackson (Kay & Burton Brighton), Jacqueline Maggs, and Jonathan Dixon (J P Dixon Real Estate) to do? Shave off the swimming pool and tennis court!
Kinane’s listing: 2 Kinane Street, Brighton
The parcel listing: 92 The Esplanade, Brighton