Philip Mason discards his Darlo property in a Done deal

Philip Mason discards his Darlo property in a Done deal
Jonathan ChancellorNovember 16, 2011

A three-level Darlinghurst building that suited retail, office, restaurant, artistic or residential uses has been sold for $4.39 million.

The 900-square-metre Crown Street property with historic façade was sold with vacant possession having been most recently tenanted and renovated by contemporary office design company Zenith Interiors.

It was Australian Playboy’s headquarters from 1982 to around 1990 given the owner and vendor is Philip Mason, who was the publisher of Australian Playboy for 16 years, and his wife, Alexandra Joel. Both attended the auction.

It sold through Cushman & Wakefield agents Tony Anderson and Lindsay Sturrock.

Set between Liverpool and Stanley streets, it attracted strong interest from owner-occupiers, residential converters and investors, seemingly selling to a syndicate headed by Oscar Done.

It last traded for $375,000 in 1981.

Cushman & Wakefield has earlier success last year when the 500-square-metre Luxe Studios property around the corner, at 279-283 Liverpool Street, for $4.93 million.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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