Some flooring under Potts Point and Elizabeth Bay prestige pad prices
The internationally renowned photographer Anne Geddes, famous for her portraits of babies often in cabbage patches, and her husband, Kel, have sold their impressive Potts Point apartment (pictured below) in the Grantham block. It fetched $6.4 million, having cost $7 million off the plan in 2006.
The sale of the seventh-floor apartment – at about $25,000 a square metre – represents an improvement on two other recent sales in the Alex Popov-designed block.
There are just the eight whole-floor apartments in the 2010 completed development, and a mortgagee sale at $5.5 million last September did little to assist the maintenance of its off the plan pricing.
It had been among the last to sell, fetching $7.5 million in 2007.
The $5.5 million mortgagee sale was followed by another $5.5 million later last year.
Each apartment comprises three bedrooms and three bathrooms, two being ensuite.
There are two car spaces for each of the apartments, plus storage areas. The SJB Interiors introduced a mix of natural stone, bronze and timber.
The Geddes unit was listed sold Jason Boon and Geoff Cox of Richardson & Wrench Elizabeth Bay.
Grantham has front-row views of Woolloomooloo Bay, Sydney Harbour and the Bridge, Opera House and CBD skyline.
Over the other site of the peninsula one of the four Belltrees, Elizabeth Bay prestige apartments, has been sold at around a reputed $6.5 million through Richardson & Wrench in conjunction with LJ Hooker Double Bay. It's been bought by an overseas buyer.
The Belltrees penthouse fetched $12.25 million. It's one of four apartments in the revamped Belltrees apartment complex.
Word of the sale first crept out in March 2010, but the buyer's identity only became evident on its recent settlement.
It was bought by Jennifer Clarke, the wife of John Clarke, who joined ANZ Bank in December 2000 as the head of ANZ Infrastructure Services Ltd. ANZIS was renamed Infrastructure Capital Group Ltd after being acquired by John and Mike Fitzpatrick in 2009. The Clarke couple own on Macquarie Street.
It sold at a bullish price through Richardson & Wrench agent Jason Boon despite the long spell of top-end repricing having set in after the global financial crisis.
The hillside Onslow Avenue compex is adjacent to Arthur McElhone Reserve.
Intrigue still surrounds the harbourfront penthouse that set a record apartment price of $14 million when it last traded in 2006.
Savills Residential secured the recent sale of the former Deutsche banker Hal Herron. Locals suggest the sales figure will emerge somewhere in the $13 millions.
It's in the Burley Katon Halliday complex of only six apartments built in 1998 on the site of Cardigan, the former home of the late Cedric and Elizabeth Symonds.
In 2008 Potts Point ruled triumphantly holding the Australian record apartment mantle following the $20 million off-the-plan penthouse sale in the Ashington development at 10 Wylde Street.
With views across Woolloomooloo Bay towards the harbour, city and Opera House, the two-level penthouse was set to have 530 square metres of internal space and 115 square metres of balcony.
The nine-apartment project had been designed by Tzannes Associates, with interiors fashioned by the designer Alex Perry.
The sale, which was in train for more than a year, was negotiated by Richardson & Wrench Elizabeth Bay-Potts Point agents Geoff Cox and Jason Boon to the elusive property developer Duncan Hardie.
The sale didn't proceed after Ashington's implosion and abandonment of the project.
Investec Bank’s property unit is planning a luxury complex on a controversial site in Sydney’s Potts Point previously controlled by the failed Ashington Group.
Control of the site, 10 Wylde Street, was disputed following Ashington’s collapse in 2010.
Investec, which had lent to the Ashington to fund the project, took control last year.
Investec has submitted new $17 million plans with less ambitious design and price expectations. It has scapped its expensively tricky curved glass corner. The seven-storey development is set to contain 21 apartments and 30 car parking spaces.
Designed by Adam Haddow of SJB, there will be a mixture of six one-bedroom apartments, three two-bedroom apartments and 11 three-bedroom apartments and a large penthouse.
The bulk of the products will be between $1.5 million to $2.5 million.
“The top end is tight; people are being very selective, but we are still seeing a need for product where people are selling out of larger homes in Bellevue Hill and Vaucluse and downsizing to large apartments," Investec's head of property investments, Graeme Katz told the Australian Financial Review recently.
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