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