Elizabeth Bay

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The Elizabeth Bay site that the integrated property group Top Spring Australia are set to convert in to a residential apartment development, has sold for $35.75 million.

The disused 1,347 sqm site at 11-13 Greenknowe Avenue was sold by the Chinese-backed Australian developer SHMH Group Australia, who were the most recent occupants of the tired building. 

They had sought around $30 million for the site last year through CBRE, but failed to find a buyer. SHMH had paid $20.24 million for the property in 2014 and had intended on developing the site themselves, but struggled to get an eight level building approved.

They then had a 52 room boarding house approved, with conditions, but steps to expedite the deferred commencement with the council were not successful.

They had been using the property, the former HQ of the NSW Country Women's Association, as offices.

Now Top Spring Australia, who have also created The Clermont in Bellevue Hill and a 400-apartment development in St Leonards, will demolish the current building and create a part six, part seven storey residential building made up of 30 one, two and three bedroom apartments.

<img alt="" height="318" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/11-13_greenknowe_avenue_elizabeth_bay_2_0.jpg" width="580">

The Elizabeth Bay complex will be only for owner-occupiers, or those on long-term residential leases, and not for short-term accomodation. Sales are expected to commence in April 2021, with completion slated for 2023.

PBD Architects have designed the building which will recognise the heritage character of the surrounding area, with a brick façade and art deco features.

Top Spring also recently appointed award-winning Melbourne-based designer, Miriam Fanning, of MIM Design.

Taylor Brammer Landscape Architects have also been commissioned for the project.

Sydney Ma, Director and General Manager of Top Spring Australia, says Greenknowe Avenue will also demonstrate the company’s ambition to incorporate the character of the local area into each of their projects.

“Elizabeth Bay is well-known for its stunning architecture, so with our Greenknowe Avenue project, we are committed to delivering an exemplary level of quality and design, while respecting and honouring the distinctive architectural character of the local surroundings,” explained Mr Ma.

“In this context, it will be of utmost importance for us to deliver an outstanding building design that complements Elizabeth Bay, and it’s pleasing to know the City of Sydney approves of our vision.”
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Top Spring Australia will demolish the current building and create a part six, part seven storey residential building made up of 30 two and three bedroom apartments.



Joel Robinson

Elizabeth Bay site set for Top Spring apartment development sells for $35.75 million

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The two level harbourfront penthouse in the Elizabeth Bay 1962 strata block Billyard Gardens has been sold.

The two storey space at 19/8-10 Billyard Avenue was designed by Alexander Michael in the Billyard Gardens complex.

With striking entry foyer of Pietra Grey marble floors, the apartment has three double bedrooms with built-ins, and three designer bathrooms.

There is triple garaging, plus shared harbour pool and jetty.

“After 300 days we finally sold this for a very respectable record breaking price,” said Ballard Property selling agent Paul Elphron. It was a record price for an apartment in a 1960s strata, he advised, without a price disclosure. 

The vendor was Forager Funds chief Jeff Weeden and his partner Gareth Bowler who bought it nine years ago for $4.7 million.

Ballard’s Paul Ephron and Clint Ballard had double-digit expectations which were achieved.
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The two level harbourfront penthouse in the Elizabeth Bay 1962 strata block Billyard Gardens has been sold at a record price for the era.



jchancellor

Billyard Gardens, Elizabeth Bay penthouse sold for record price

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Mark Coulter, co-founder of online furniture retailer Temple &amp; Webster, and his psychiatrist partner Adam Bayes have expanded their home during the pandemic.
They’ve just bought out their neighbour in the Rex Potts Point apartment complex (pictured above).
Their two-level Macleay St penthouse cost $4 million last September and they’ve added the adjoining $1.4 million two-bedroom apartment.
It had been a $980-a-week ­rental for its vendor, Richard Swaab.
This month the T &amp; W boss sold shares worth $24 million while retaining a $70 million stake in the four-year-old company which has seen its shares rise over 500 per cent since its March lows.
Coulter is a former McKinsey &amp; Company operative whose first job after university was at Gilbert + Tobin in 2002.
This article was first published in the Sunday Telegraph. 
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Temple & Webster boss Mark Coulter buys neighbouring Rex, Potts Point apartment

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A renovated apartment situated in Elizabeth Bay's 1960s building Ithaca Gardens has hit the market. 

The unit, at 602/12 Ithaca Road, is one of two apartments on level 6 in the building's east wing. 

The 86 square metre home comprises two bedrooms, large living and dining area, a wide covered balcony, Smeg gas kitchen, and renovated bathrooms. 

It also features harbour views.

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The building was designed by architect Harry Seidler.

It was the winner of NSW Architecture and Arts Award in 1960.

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It is situated within close proximity to Beare Park, cafes, shops and city buses. 

The apartment last sold in 2014, for $1.262 million. 

Tristan Bassey and Ian Campbell, from Ray White Elizabeth Bay, have the listing.

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 See More: Architecturally-designed developments on the market in Sydney

[smartcode_project:default project_id=21618]

[smartcode_project:default project_id=7758]

[smartcode_project:default project_id=29139]
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Harry Seidler-designed Elizabeth Bay apartment with harbour views hits the market 

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The recently departed NSW arts minister Don Harwin - who plans to see out his parliamentary days based at his Pearl Beach retreat - has sold his redundant Elizabeth Bay apartment.
It fetched $1,235,000 to the only bidder, who raised his initial $1.2 million offer.
It was put up for sale with the prospect of pocketing $1.2 million.
The apartment’s marketing by LJ Hooker agent David Malouf highlighted it having “views across the sparkling waters of Rushcutters Bay, the marina, park and the harbour foreshore offering an outstanding lifestyle opportunity in a highly sought-after address.”
Harwin noted he had medical ailments that he felt were best recovered on the coast.
<a href="https://www.urban.com.au/news/103001-minister-for-the-arts-don-harwin-buys-at-pearl-beach" target="_blank">The former NSW’s Minister for the Arts will be at home at Pearl Beach</a>.
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Don Harwin sells Elizabeth Bay apartment for $1,235,000

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The heiress to some of the Packer fortune Francesca Packer Barham has offloaded her Encore, Elizabeth Bay apartment.
The daughter of Gretel Packer and British financier Nick Barham secured $2.6 million which was $500,000 more than she paid in 2016.
It was sold to local, Alfred Street, who once served on the Bundanon Trust.
She now owns a whole-floor Darlinghurst apartment, Horizon which she bought from the Melbourne-based Julie Graham, wife of eye specialist Dr Glen Fernando, for $15.8 million.
It was a surprise to some Packer family associates as they'd expected the selling agents Knight Frank might have steered her instead to uncle James Packer's apartment project at Barangaroo.
She has now sold both her South Yarra, Melbourne investment properties, the first for $7.6 million in 2017 and earlier this year for $1.54 million.
The fashionista, who has cut back her social media postings to her 310,000 followers, is currently holed up in Horizon isolation.
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Francesca Packer offloads Elizabeth Bay apartment and South Yarra investments

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Jason Huljich, co-chief of ASX-listed property entity Centuria Capital, has listed his Elizabeth Bay waterfront apartment.
There has been mixed McGrath messaging to buyers in its initial spruiking.
Some have been advised it has $4.5 million hopes while others have been informed expect to pay between $4.5 million and $4.75 million.
The three-bedroom harbour front Billiard Avenue apartment last traded in 2006 for $2.23 million, and at $1.42 million in 2001.
It has 113 sqm internal space plus just 13 sqm balcony space.
It is in The Palms complex.
There is a June 13 onsite auction. ​
The last apartment to sell in the complex was at $3.815 million last June with the top floor two bedroom having previously sold at $1.25 million in 2000.
It had 230 sqm of indoor/outdoor space.
Huljich is reportedly interested in moving into a house.
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Jason Huljich lists Elizabeth Bay apartment

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Emerging integrated property group Top Spring Australia has announced their latest project in the company’s Sydney portfolio, with the submission of a development application for a site in Elizabeth Bay.
Located at <a href="https://www.commercialrealestate.com.au/property/11-13-greenknowe-avenue-elizabeth-bay-nsw-2011-2015655477" target="_blank">11-13 Greenknowe Avenue, Elizabeth Bay</a>, the disused 1,347 sqm site has most recently been occupied by SHMH Group Australia and is the former headquarters of the NSW Country Women's Association.
SHMH previously planned to develop the property themselves.
Top Spring Australia's plans for the site include the construction of a six-storey residential development comprising 30 luxury one, two and three-bedroom residences, above a single level of basement car parking accommodating 31 vehicles.
Sydney Ma, Director and General Manager of Top Spring Australia said, “as property in this suburb is traditionally very tightly-held, with very little new stock coming to market, we expect there to be significant interest in this project.”
With multiple smart and adaptable living spaces, including outdoor communal areas, Top Spring Australia hopes buyers will recognise the proposed residences. 
The project’s landscape architects Taylor Brammer have also curated a series of landscaped elements intended as an urban oasis, with green walls and privacy screening, plus an outdoor entertaining terrace for residents with water features, a BBQ and a kitchenette, and a sensory garden with productive garden beds and in-built work pods.
A more detailed vision of the project will be released in the coming months, with expected completion by 2023.
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Top Spring Australia unveil Greenknowe Avenue, Elizabeth Bay CWA redevelopment proposal

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Penthouse apartments in Elizabeth Bay, with their outlook across the boat-laden harbour, are a popular catch.
The latest sale crowns the 1970s Onslow Avenue apartment complex Tradewinds.
The living spaces are wrapped in wall to wall windows and a balcony that spans the entire width of the building.
The apartment has three bedrooms and three bathrooms, including a Japanese-style main tub and monsoon shower in the main bathroom. A stone and stainless steel kitchen with European fitout joins the living spaces.
Since it last traded for $2.13 million in 2008, there's been an upper level architect-designed extension, comprising a study and second sitting room wrapped in glass which opens to the roof deck and surrounding gardens.
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BresicWhitney agents Shannan Whitney and Nick Gill had given a guide of $5.8 million, and they secured $4.85 million.
Last month a Manar, Potts Point apartment (below) resold for $3.75 million, a few weeks after its no-bid auction through Richardson &amp; Wrench agent Jason Boon.
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It had been sold last November at $4.1 million but the sale did not proceed to settlement.
Records show that it was bought in 2009 for $2.25 million from the former lawyer­ Russell Keddie.
In August Clint Ballard at Ballard Property secured the sale of the two level penthouse (below) crowning one of the more modern blocks on Elizabeth Bay's harbour front Billiard Avenue dress circle.
It was sold for $15 million by fund manager Michael Hill after having $14 million hopes.
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The apartment, atop the Burley Katon Halliday-designed block, dates back two decades. It has five bedrooms and six bathrooms across its 425 square metres of internal space.
It features 375 square metres of wrap around balconies and terraces.
The development was completed in the late 1990s after East Asia Property Group paid $8.5 million for Cardigan, the waterfront mansion of solicitor Cedric Symonds and his socialite wife Elizabeth.
They knocked down the home in 1996 and replaced it with a six apartment development with a pool and private jetty.
The Elizabeth Bay penthouse atop Darnley Hall fetched $9.75 million earlier this year when bought by Cyber security boss Mark Dowd and wife Olivia Ross.
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$1 million discount secures Elizabeth Bay penthouse sale

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A penthouse occupying half of level fourteen in the Elizabeth Bay's landmark building Gazebo has hit the market. 
With panoramic views across the harbour to The Heads, Opera House and Harbour Bridge, the apartment at 1401/2 Elizabeth Bay was renovated about 5 years ago. 
It includes seven balconies opening from the living area, kitchen and bedrooms. 
The home comes with main bedroom with ensuite, second bedroom, study or third bedroom, and two secure car spaces. 
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The 18 storey Gazebo building features lift access, swimming pool, spa and gym.
Located at the doorstep of Fitzroy Gardens and Pott Point, the building is close to shopping, cafes, restaurants, schools and transport.  
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/18/elizabeth%20bay%202.jpg" alt="">
The property was sold in 2013 for $1.95 million and in 2012 for $1.7 million.  
Nic Krasnostein of Ray White Elizabeth Bay has the listing.
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