Little Joe owners Gail Elliott and Joe Coffey sell Bondi Beach luxury apartment: Title Tattle

Little Joe owners Gail Elliott and Joe Coffey sell Bondi Beach luxury apartment: Title Tattle
Jonathan ChancellorJanuary 9, 2012

Little Joe fashion salon owners Gail Elliott and Joe Coffey have snappily sold their huge apartment overlooking Bondi Beach.

They are understood to have secured a respectable $7.2 million plus for the property, having paid $6.75 million for the 486-square-metre The Bondi apartment off the plan in 2006. They wanted more, but while the Bondi Beach prestige market is not a wipeout, it is proving patchy, and the off-the-plan prices in 2006 captured a big wave at the time.

Indeed the prices were called as bullish back then after deposits totalling $80 million were taken for 20 of the 30 Campbell Parade apartments at its invitation-only first opening weekend through Colliers International, Metro Commercial and McGrath.

The apartment is in the conversion of the 1968 Bondi Beachside Inn, the former $120-a-night hotel that was sold for $32.3 million in 2003 by rag trader John Hilton to a development syndicate including Allen Linz's Rebel Property Group, estate agent Eduard Litver and the Tanevski family.

The Coffey/Elliott apartment came with 246-square-metre interiors that flow onto a 245-square-metre deck.

It had been listed through McGrath agent Steven Chen and Elizabeth Brunton in conjunction with Barry Goldman of Raine & Horne Double Bay.

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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