Rose Bay

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The boutique residential apartment developer, Fortis has expanded its boutique residential offering by acquiring a development site in Rose Bay.

The site is located on Spencer Street, a short walk from Rose Bay village.

The 2,223 sqm site consolidates four independent properties, purchased for $28.5 million, and sold through Alex Lyons and Ric Serrao from Raine &amp; Horne Double Bay. 
  
A $20 million new build will include two-and three-bed apartments.

The DA for the site is expected to be lodged in mid-2021, and completion is expected in late 2023. 

[smartcode_project:default project_id=7758] 
  
“We are excited about this latest acquisition on Spencer Street, a development that we feel will go on to become a future classic in the area.”,says Charles Mellick, the Fortis director.

"Following on from our success with The Benson and No.1 Carlisle, this will be the third project by Fortis in Rose Bay," he noted.

With an expected end value of circa $80 million, Mellick advised the living spaces will be designed keeping in mind those looking to downsize without compromising on quality, amenities and location. 

The proposed development will offer approximately 2,100 sqm of NSA. 
  
Pallas Group is the parent company of structured property investment arranger Pallas Capital and boutique developer Fortis. 

The expected end value of Fortis’ Sydney projects currently under construction or under a planning proposal is $1 billion, with a further $800 million pipeline of work in Melbourne. 
  
 
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Fortis has acquired an apartment development site in Sydney, a short walk from Rose Bay village

jchancellor

Fortis secure Rose Bay apartment site

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There were no bids when Lynton, the vacated Rose Bay trophy home of the horse owner and breeder Frank Tagg went to auction, possibly the priciest of offerings on 2016's first super Saturday.
It was the home Tagg's wife Sally bought in 2007 for $8 million from Sydney property developer Piers Dawson-Damer.
Selling agent Ben Collier of McGrath had pre-auction hopes of around $7.5 million pre-auction for the grand 1912 Edwardian home which headlined the 870 weekend auction offerings. The auctioneer Scott Kennedy-Green placed a $7.6 million vendor bid.
It was listed for mortgagee sale under instructions from Westlawn Finance Limited after Tagg hit some currency fluctuation issues.
Sitting on a private 1296 sqm parcel, the unrenovated, but recently repainted, five bedroom, three bathroom house overlooks the Royal Sydney Golf Course.
Tagg, who was an early McDonald's franchisee, made his reputation as he became a highly regarded horse breeding industry player securing great success, winning his first group 1 race, the AJC Oaks, with the filly Circles of Gold in 1995.
Circles of Gold's real value came at stud, as the mare produced seven foals including champions Elvstroem and Haradsun.
In 2011, Tagg his wife Sally and other co-owners sent their beautifully bred mare Hveger to Ireland to foal share at the Coolmore Stud operation.
The former Western Suburbs first-grade footballer had started at McDonald's when he was 27 going onto own several hamburger stores. By 2011 he only had the one franchise given the time and devotion to his racing and charity interests.
Spotted as the first to inspect the Kent Road home on its initial open for inspection last month was the neighbour, Lance Rosenberg, the former Tricom Equities managing director, who bought his mansion from the former Liberal Party leader John Hewson.
His wife was spotted just looking on at yesterday's auction.
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jchancellor-FAypfDUnLy

Lynton, Rose Bay passed in on $7.6 million vendor bid

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New York-based fund manager Alwyn Heong secured around $26.5 million for his Rose Bay waterfront home some months back.
There had been an estimated $6 million renovation of the <a href="https://www.domain.com.au/property/for-sale/house/nsw/rose-bay/?adid=2011890741" target="_blank">five-bedroom mansion</a>, Indah.
Alwyn Heong had purchased the Bayview Hill Road property in 2006 for $18.2 million from mortgage broker Matthew Sample.
The property sold bullishly through Sotheby's in a six-week turnaround after being listed in April.
Mystery remains on the buyer but Title Tattle expects it is London barrister Georgina Black, described as a tenacious, quick-witted, charming, yet feisty matrimonial finance practitioner.
It will be a triumphant return home for the former Kambala pupil whose interests now are: Tibetan Buddhism, travel writing and yoga. She speaks French and Italian.
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UK barrister Georgina Black buys Indah on Rose Bay harbourfront?

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Sydney's harbourfront Rose Bay is set to get a new boutique beachfront apartment development.

Plans have been lodged for a small project of three apartments at 5 Collins Avenue, on the beach and facing the Sydney Harbour.

The $3.43 million plans will see the current 1910's Federation Arts &amp; Crafts mansion demolished.

The property belongs to Kate Champion, the wife of the Laser Clinics founder Alistair Champion. It last sold for $18 million in 2019.

<img alt="" height="881" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/champion_rose_bay.jpg" width="1200">

The MHNDUnion designs (pictured top and below) have two two bedroom apartments on the ground level, one with its living area opening to a private swimming pool, and the adjoining apartment with its own garden terrace.

Unit one, with the garden, spans 93 sqm internally and next door with the pool has 108 sqm of living space.

<img alt="" height="813" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/5_collins_rose_bay_2.jpg" width="1200">

Upstairs is the 214 sqm, full floor penthouse. It will have three bedrooms, including one master suite with walk in wardrobe, a TV room, a study and four bathrooms.

Each apartment is designed with the open plan kitchen, living and dining area oriented to face the harbour.

The Champions are based in the luxury Woollahra mansion Ilicus which they bought for $13 million in 2017.
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Joel Robinson

Rose Bay to get new beachfront apartment development

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The former chief executive of Ferrari Australasia, Herbert Appleroth has listed his Rose Bay harbourfront garden apartment.

It goes to auction next February with $13 million hopes, a record for the suburb which has seen fresh records paid during 2020.

Appleroth paid $7.58 million off the plan for the three-bedroom garden apartment in the Bord De L’eau development in 2016.

He settled on the 218sqm unit in mid-2019, about six months before he departed Ferrari. 

The triplex apartment was designed by architects MHN Design Union. 

Appleroth, an heir to the Aeroplane Jelly fortune, then sought a bespoke design from interior designers Jo Lawless and Darren Palmer.

It is fully automated, with American oak floors.

It comes with Bang &amp; Olufsen sound system.

It comes with Vitroesa Italian sliders to its private garden designed by Will Dangar.

<img alt="" height="1469" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/appleroth_rose_bay_2.jpg" width="2000">

There’s also a marble kitchen with a New York-style bar.

It is being marketed as house-like by LJ Hooker Avnu agent Michael Coombs.

Another New South Head Road apartment offering in the nearby a penthouse in the nearby Wintergarden block sold for $11.25 million after it last traded for $7.5 million in 2016.

An inland Rose Bay penthouse apartment recently fetched $7.5 million in an off the plan sale through Ray White agents who secured a record $39,000 per sqm at 1 Carlisle by Fortis. 

Appleroth now manages venture capital fund The Appleroth Future Fund.

His previous abode was on Pyrmont Wharf, which sold for a then-suburb record $13.3 million in 2017.

Appleroth reportedly plans to buy on lower north shore and a second home in Palm Beach.
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The triplex apartment was designed by architects MHN Design Union

Former Ferrari Australiasia boss Herbert Appleroth lists luxury Rose Bay apartment for record price

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Retired bookie Bob Blann has ­listed his redundant Rose Bay abode, having paid Australia’s third-highest off-the-plan apartment price in the Crown Residences, One Barangaroo complex.
His 288sqm Rose Bay Ave apartment, for which he paid $3.5 million, has been his home for 10 years. The four-bedroom residence, located directly ­opposite the harbour, has been listed through David Malouf at L.J. Hooker.
Blann paid $40 million plus for the entire 61st floor in One Barangaroo, securing a 515sqm apartment.
Last month Crown held a ceremony for the topping out of the 275m-high complex with a short site visit by the NSW Treasurer, Dominic Perrottet hosted by Crown’s chair, Helen Coonan.
Its construction through the pandemic enabled more than 1300 workers to be employed daily on the development, first proposed to the state government by James Packer in 2012.
Packer, who spent $60 million for his two-floor apartment, ranks among the $650 million plus buyers in the 82-apartment tower.
Packer’s mate, Ben Tilley is mooted as likely to show up a buyer when settlements occur next year.
Bexley hotelier Angelo Elliott has bought along with the Tartak waste collection family.
Blann, a venture capitalist, was said to be the biggest bookie when he retired in 1984 in an era when punters were pitted against the likes of Mark Read, Bruce McHugh, Jack Muir, Harry Barrett and Dominic Beirne.
This article was first published in the Sunday Telegraph. 
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Retired bookie Bob Blann lists Rose Bay apartment

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Married At First Sight executive producer Tara McWilliams has sold her Rose Bay semi which was listed with initial $2.5 million hopes in February.
But she fell short as it fetched $2,375,000 after being on the market for 77 days, double the time it took to sell last time.
McWilliams, who the whimn website has ranked as one of the most influential women in television, paid $1.91 million in April last year.
The two-level home was sold through Biller Double Bay agents Paul Biller and Julian Barta. Having undertaken a renovation, ­including a whitewash exterior, it ­features a new Caesarstone kitchen with a breakfast bar.
The rear private landscaped courtyard at the three-bedroom, two-bathroom semi was also spruced up.
The next season of MAFS, possibly with returnees and celebrities, was to commence its four months filming from August, but it is expected to be pushed back.
This article first appeared in The Sunday Telegraph.
 
 
 
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MAFS executive producer Tara McWilliams sells in Rose Bay

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Offered for the first time in 22 years, a four-bedroom, three-bathroom house in Rose Bay has been sold.
It sold under the hammer for $6 million through Badger Fox real estate agents Peter Leipnik and Alexander George. 
The <a href="https://www.realestate.com.au/sold/property-house-nsw-rose+bay-133626526" target="_blank">20 Beresford Road property</a> is a two-storey home comprised of four double bedrooms including a master suite with walk-in robe and ensuite. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/6/19/25_Rose%20Bay%20Living%20.jpg" alt="">
 
 
 
 
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Rose Bay trophy home sold for $6 million under the hammer

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The top sale of the week was a five bedroom, four bathroom home in Rose Bay with harbour views which sold for $6.3 million, according to CoreLogic RP Data.
The home, <a href="https://www.domain.com.au/1-cecil-road-rose-bay-nsw-2029-9450545" target="_blank">1 Cecil Road, Rose Bay</a> was sold through Laing + Simmons Double Bay/Novak Properties.
 
Top ten sales
1 Cecil Road, Rose Bay, NSW 5 bed, 4 bath, 6 car house, $6,300,000 Laing + Simmons Double Bay/Novak Properties 
9 South Street, Strathfield, NSW 7 bed, 6 bath, 4 car house, $5,710,000 Devine Real Estate 
24 Eastbourne Avenue, Clovelly, NSW 4 bed, 3 bath, 2 car house, $5,100,000 Phillips Pantzer Donnelley Woollahra 
244 Oberon Street, Coogee, NSW 5 bed, 3 bath, 1 car house, $4,650,000 Phillips Pantzer Donnelley Woollahra 
14 Agnes Street, Strathfield, NSW 5 bed, 5 bath, 2 car house, $4,600,000 Devine Real Estate 
36 Chilton Parade, Warrawee, NSW 5 bed, 4 bath, 2 car house, $4,525,000 LJ Hooker Wahroonga 
38 Billyard Avenue, Wahroonga, NSW 5 bed, 3 bath, 3 car house, $4,400,000 LJ Hooker Wahroonga 
28 Lisbon Street, Glen Waverley, Vic 6 bed, 6 bath, 3 car house, $4,080,000 Harcourts Judd White 
49 Rosserdale Crescent, Mount Eliza, Vic  4 bed, 3 bath, 3 car house, $4,000,000 Aqua Real Estate Mount Eliza 
75 Argyle Road,  Kew, Vic  5 bed, 4 bath, 6 car house, $3,850,000 Kay &amp; Burton Hawthorn
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Rose Bay family home leads CoreLogic RP Data top ten sales

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Retail king Brett Blundy’s Rose Bay property bordering the Hermitage Reserve is on the market.
It is expected to fetch $45 million, three years after being bought at $32 million.
Located below Kincoppal Rose Bay, the 19 Bayview Hill Road property is redundant to Blundy, who now resides in Singapore. 
It is listed through Pillinger and Sothebys.
The mansion has five bedroom and six bathrooms, a level garden, spa and pool, garage for eight cars, a cinema, guest quarters, gym and sauna, and extensive security throughout. 
It was bought on extensive three year delayed settlement terms from IT entrepreneur Neill Miller and his wife Katherine.
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