The Chimes, Potts Point redevelopment proposal is getting seriously pricey, with the aspiring developers of the dated Potts Point apartment block site showing their hand at a midweek deceased estate auction.
Tim Price’s Time & Place was forced to pay $735,000 for a 38sqm seventh floor studio auctioned by Laing Real Estate’s Vicki Laing.
Not even a lengthy lift breakdown during the marketing period deterred competitive interest from four bidders.
Auctioneer David Scholes announced it on the market at around $600,000.
The priciest previous sale, with Opera…