Historic Brisbane home of tiles tycoon sells for record $8.5m

News Corp Australia Network

This property in Kingsholme St, Teneriffe, has sold for a suburb record of $8.5m.

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BIG money continues to change hands at the top end of town in Brisbane, with the historic home of a tiling tycoon fetching $8.5m — setting a new suburb record for Teneriffe.

Records show the federation Queenslander on a huge block in Kingsholme Street has sold to Ameet Jeraj, the managing director of the Infinity Group — Priceline’s largest Australian franchisee.

The property has three-street frontage and sits on a 1151 sqm block in the heart of Teneriffe.

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It last sold in 2008 to Loui and Maureen Majer for $2.6m.

Ivo Kornel of Sixty Four Property negotiated the sale of the 1901-built property, which is now advertised for rent for a tidy $3000 a week through Ray White New Farm Rentals — one of the most expensive properties advertised for rent in Brisbane.

The pool is reminiscent of a Slim Aarons photo shoot location.

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Mr Majer, who passed away last year aged 85, founded Majer Tiles and was regarded as a leader in the industry before selling the business to Beaumont Tiles in 2013.

Known as ‘Avondale’, the home has no direct neighbours, which is extremely rare in the inner city suburb — and sweeping views of Brisbane’s skyline.

The home, built in 1901, has several original fireplaces.

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Commanding three street frontages and 1,151 sqm of blue-chip land, it’s also one of the largest Teneriffe landholdings to come to market in recent years.

Historic features include fireplaces, 10ft ceilings, and intricately crafted archways.

The home has retained its original historic features, such as intricate archways.

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There’s a large wraparound verandah for entertaining, a north-east facing courtyard, and a pool reminiscent of a Slim Aaron’s photo shoot.

The last recorded highest residential sale in Teneriffe was for a unit in the tightly-held riverfront complex, One Macquarie, at 1 Macquarie Street, which sold off-the-plan for $7.5m in 2006.

The home has wraparound verandas and a cosy courtyard for entertaining among lush gardens.

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The ground floor unit in the complex at 11/1 Macquarie Street is currently on the market with Matt Lancashire of Ray White New Farm.

It comes after a flurry of prestige sales in Brisbane in recent weeks.

This property at 38 Eldernell Tce, Hamilton, recently sold for $7.3m.

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Just last week, a mansion at 38 Eldernell Tce in Hamilton sold for $7.3m through Damon Warat of Ray White Ascot.

And another trophy home at 22A Crescent Rd, Hamilton, fetched between $9 m and $10m the week prior.

This hillside mansion at 22A Crescent Rd, Hamilton, recently sold for between $9m and $10m.

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