Steve Smith takes shine to Balmain investment
Australian cricket captain Steve Smith has taken a shine to Balmain property.
He has snapped up another investment on the pensinsula. His investment portfolio now stands at $4 million plus.
This one is a contemporary apartment in a boutique conversion of the Tin Sheds.
It has two bedrooms, a study and two entertaining terraces.
The property had been up for auction, then listed at $1.375 million.
After being on the market for 58 days, McGrath Balmain agents Karl Howard and Ben Munro Smith secured the sale earlier this month.
Smith was likely back in Australia following the national team's poor performance in the T20 World Cup in India to oversee the sale.
He will want to secure a rental before his side head to West Indies for the Tri-Nation Series in West Indies where they play also play South Africa.
He paid $2 million for a knock-down re-build in the east, and work has already begun in knocking down the dilapidated three bedroom cottage.
The deal included DA-approved plans for a two-storey home with basement parking by architect firm Connor & Solomon.
With a two storey apartment, Smith has lived in Coogee since he paid $1.75 million in 2007.
His property portfolio also includes a $435,000 off-the-plan apartment Sans Souci which he bought in 2011 and a two bedroom apartment in Marrickville which he paid $635,000 for in 2013.
Smith is now the Australian captain across all forms of the game and was the first Australian captain since Warwick Armstrong in 1920 to go unbeaten through his first 10 Tests.
This article was first published in the Saturday Daily Telegraph.
