Tony Benjamin expands Macleay Street, Potts Point presence with art gallery purchase
Tony Benjamin, the $12.7 million buyer of the Potts Point premises sold by pub baron Justin Hemmes, has bought a strategic adjoining holding within the heritage row of 1905 Queen Anne-style terraces.
He’s paid $2.45 million for the 180 square metre art gallery space on the rear ground floor of the Yellow House.
Yuill/Crowley occupy the Macleay Street premises which comes with a 130 square metre basement.
The $13 million corner site has a 373 square metre floorplate occupied by Arida Fashion and the now closed Fish Shop.
The third piece of the jigsaw, the two-star Holiday Lodge, has been owned by Benjamin (inset) since paying $3.29 million in 2009.
There are whispers Benjamin plans a boutique hotel although previous endeavours have failed to proceed.
The Benjamin family made their fortune in Queensland bulky goods outlets.
This article was first published in the Sunday Telegraph.