Milsons Point

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International developer Zone Q Investments has awarded Sydney builder Ceerose a contract to build the $155 million boutique project Aqualuna Residences in Milsons Point.
The 63 apartment building designed by Koichi Takada is expected to be completed in the first quarter of 2020. Demolition has begun and main work is expected to commence later this month.
85 percent of residences have been sold already.
Zone Q Investments Andrew Wilkinson says they are looking forward to working with Ceerose.
"We know owners will appreciate the superior craftmanship of the development.” 
Ceerose managing director Edward Doueihi said they are delighted to be appointed to build the "iconic and timeless structure."
“The Ceerose name has become synonymous with constructing luxurious residential buildings that enhance the environment, provide desirable living and create communities.  
"Many Ceerose projects have won national and international awards, Aqualuna is expected to secure several high-profile accolades too.”
The Alfred Street development, with views over Sydney Harbour and Lavender Bay, is a short walk to the nearby Milsons Point train station.
For further information <a href="http://www.aqualunasydney.com%20" target="_blank">click here. </a><a href="http://www.aqualunasydney.com"> </a>
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Ceerose to build Aqualuna Residences at Milsons Point

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A recently opened boutique grocer in Sydney’s Milsons Point has been listed with $5.5 million hopes.
The property at 88 Alfred Street is run by QE Foodstores and is the group’s ninth offering, with other stores in Balmain, Camperdown, Darlinghurst, Newtown, Randwick, Waterloo and Waverley.
It is set to go under the hammer in early November.
Interest is expected from local, interstate and offshore investors, said Savills Australia’s David Hickey, Tom Tuxworth and Nick Tuxworth.
<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/2018/10/10/88%20Andrew%20Street%20Milsons%20Point%20-%20internal%203.jpg" alt="">
“The new 10-year lease with two five-year options to renew and strong annual increases will attract buyers from local, national and international markets looking for secure, super-prime investments in the sub-$10 million category,” Hickey said.
“Throughout 2018, we have seen a weight of capital chasing retail properties in prime locations, particularly in highly populated and affluent inner-urban and suburban areas.
“Investors are certainly looking for quality over quantity in the current market, and 88 Alfred Street fits that category.” 
<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/2018/10/10/88%20Andrew%20Street%20Milsons%20Point%20-%20internal%202.jpg" alt="">
He said QE Foodstores owners had recognised a gap in the Lower North Shore retail market for a boutique grocery store.
“QE Foodstores took a strategic view on the local Milsons Point, Kirribilli, McMahons Point and Blues Point precinct when they noticed the community had been starved of a quality supermarket for a very long period of time,” Mr Hickey said.
“The business decided to venture to Sydney’s North Shore and open its ninth grocery store to cater to this pent-up demand for fresh, quality and artisan produce.
“At 88 Alfred Street, the store benefits from being situated in Sydney’s second most-liveable suburb, only a 10-minute walk from the Sydney CBD and North Sydney.
“These shoppers demand personalisation, special services and quality products, which is what QE Foodstores has strived to deliver since opening its first store 16 years ago,” he said.
“The owners’ goal is to keep growing and provide a great range of products and services to many more Sydney neighbourhoods.
“They are constantly on the lookout for new sites in the inner city and east, and they’re now very seriously considering additional sites on the Lower North Shore.”
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Boutique Milson's Point supermarket set for auction 

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A Milsons Point sub-penthouse in the Colonnades residential building with its 'Times Square' like façade has been sold.
It fetched $2.85 million by Tower London agent John Tower in late May.
The 25th floor <a href="https://www.realestate.com.au/sold/property-apartment-nsw-milsons+point-131779082" target="_blank">Glen Street apartment</a> features three double bedrooms with water views of the main harbour and Opera House, and three bathrooms with the master bedroom on one end of the apartment and the other two opposite each other. 
It was bought by the Aboud family for $1.64 million in 2003.
<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/2020/5/27/4_Milsons%20Point%20Bedroom.jpg" alt="">
The apartment showcases a large combined living room with a study area to one corner and dining area to the other.
There is an observation deck on the pointy end of the building.
The apartment was listed last July at $3.35 million. 
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Milsons Point sub-penthouse sold for $2.85 million

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All eight luxury apartments in the Astonia Residences complex in Milsons Point have sold within three weeks of a re-launch by nascent project-marketing firm Boutique Estates, with one fetching $15.6 million.
The apartments in the three-storey development at 10-18 Cliff Street were sold from $4.5 million, totalling more than $48 million in sales at an average of $22,500 per square metre.
The top price of $15.6 million was for a whole floor apartment of 780 square metre, reflecting $20,000 on the first floor. It has seven bedrooms, eight bathrooms, a home cinema and a gymnasium, and is believed to set a record for an off-the-plan apartment on Sydney’s North Shore.
The Astonia Residences was the first project-marketing assignment by Boutique Estates, established in 2013 by Vanessa Gilbert and Juliet Anderson, both of whom have experience selling prestige homes and acting as buyer’s agents.
“Two of the purchasers were from mainland China while the others were Empty Nesters from the upper and lower North Shore,” said Vanessa Gilbert, a director of Boutique Estates.
“What appealed to buyers in particular was the size of the apartments which are significantly larger than is standard for Milsons Point and across Sydney. Each has at least three bedrooms, three car spaces, and substantial storage space. In reality they are a similar size to the large family homes they will be leaving.”
Fellow director, Juliet Anderson, said the design by Nettleton Tribe, the water views and the convenient and energising location were contributing factors for buyers.
The Astonia Residences is being developed by CSPD Pty Ltd and is expected to be completed by September, 2016. 
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Milsons Point off the plan penthouse style apartment fetches $15.6 million

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The boss of Cranswick Wines Australia, Graham Cranswick-Smith, has sold his Milsons Point penthouse pre-auction.
He's bought another penthouse over in the eastern suburbs.
McGrath Neutral Bay agents Jordan Black and Nigel Mukhi <a href="https://www.propertyobserver.com.au/https://www.realestate.com.au/123055154" target="_blank">secured the Milsons Point sale</a> after having $3.9 million hopes. It sold to a family from the Macarthur region who plan on leasing it out for a couple of years and then downsize to it.
Showcasing over 300 sqm of indoor and outdoor living, the Mirvac built penthouse has four bedrooms, two renovated limestone bathrooms and his home office.
A wraparound entertainers' balcony offers 270 degree views of the Harbour Bridge.
There's also an upper level expansive alfresco sun deck with jacuzzi.
Graham paid $3.58 million for the Milsons Point apartment in February last year, just weeks after he sold his McMahon Point trophy mansion, Villa Medusa, to tech guru Daniel Petre and his wife Carolyn.
Cranswick-Smith founded Cranswick Wines in 1991 when he initiated a management buy-out of Diageo's bulk winemaking facility in the Riverina region of New South Wales.
Since then Graham has transformed from producing bulk wine for major Australian producers to producing and marketing it's own broad range of Australian varietal wines. It recently won gold medals at the 2016 China Wine &amp; Spirit Best Value Awards.
The family name Cranswick is thought to derive from Crane’s Wyke (the village of cranes) in Yorkshire, as recorded in the medieval Domesday Book (England 1066).
This article was first published in the Sunday Telegraph.
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 Graham Cranswick-Smith sells Milsons Point penthouse

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The boss of Cranswick Wines Australia, Graham Cranswick-Smith, has listed his Milsons Point penthouse following another penthouse purchase, this one in the eastern suburbs.
Graham paid $3.58 million for the home in February last year, two weeks after he sold his McMahon Point mansion, Villa Medusa, to tech guru Daniel Petre and his wife Carolyn.
McGrath Neutral Bay agents Jordan Black and Nigel Mukhi have the listing which goes to auction <a href="https://www.realestate.com.au/property-apartment-nsw-milsons+point-123055154" target="_blank">July 30 with $3.9 million hopes</a>.
Showcasing over 300 sqm of indoor and outdoor living, the Mirvac built penthouse has four bedrooms, two renovated limestone bathrooms and a home office.
A wraparound entertainers' balcony offers gun barrel, 270 degree views of the Harbour Bridge.
There's also an upper level expansive alfresco sun deck with Jacuzzi.
Cranswick-Smith founded Cranswick Wines in 1991 when he initiated a management buy-out of Diageo's bulk winemaking facility in the Riverina region of New South Wales.
Since then Graham has transformed from producing bulk wine for major Australian producers to producing and marketing it's own broad range of Australian varietal wines, with a strong reputation for excellent quality and outstanding value for money.  
 
 
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Cranswick wine owner looks for quick harbour front flip

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Aqualand has settled on its latest acquisition, an office conversion property located at 61 Lavender Street, Milsons Point.
To be known as Blue at Lavender Bay, the 18 level commercial office building has been purchased with approval to develop 137 luxury residential apartments, comprising of studios, one-bedroom, two-bedroom and three-bedroom dwellings.
Over 80 per cent of apartments have views to the Harbour Bridge.
The name ‘Blue’ was chosen to echo the waterfront location of the property, and as a homage to the historical figures of Milsons Point, George Lavender and Susannah Blue.
<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/2017/03/14/61%20Lavender%20St%20-%20image.jpg" alt="">
Jin Lin, the managing director of Aqualand said with the appointment of PTW’s architectural team, Blue at Lavender Bay "will be an example of the high standard of lifestyle we pride ourselves on delivering for our customers.”
Alex Adams, Aqualand’s head of sales and marketing, said sales are expected to commence by mid-year.
The structure of the 40 year old building is already optimised for generous space and views, he added.
<img src="https://www.urban.com.au/images/2017/03/14/No.61_Level%2017%202.JPG" alt="">
 
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80 percent of Aqualand's Blue at Lavender Bay have bridge views 

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Celebrity couple Nicole Kidman and Keith Urban have an opportunity to create a whole floor penthouse at their already enlarged Milsons Point bolthole.
They own all but one of the three top floor apartments of the Latitude Building in Milsons Point.
They've previously merged two apartments and the latest listing would give them the chance to create a super penthouse overlooking Sydney Harbour no doubt with acclaimed Sydney interior designer Blainey North back to decorate.
The couple's first purchase in the block was a 420 sqm apartment they bought from Yellow Brick Road chairman Mark Bouris for around $6 million in 2009.
Three years later they secured the 380 sqm unit next door for just over $7 million.
Now the <a href="https://www.realestate.com.au/property-apartment-nsw-milsons+point-125428726" target="_blank">third and final apartment</a> not in their ownership on the 21st floor is up for sale through McGrath Estate Agents with offers closing June 8. 
Graham Mirabito, the former chief of property giant CoreLogic, wants to downsize.
Graham and wife Michelle paid $3,795,000 for the two level, three bathroom apartment in 2007.
The purchase of the Mirabito home would see a whole floor amalgamation with over 1,300 sqm of living space. 
It is a long way from her first home, a 73 sqm unit in Mosman which cost only $81,000 in 1987.
Kidman also owns a $2.68 million 19th floor apartment in the Latitude block, utilised as a home office. 
Nicole and Keith maintain their Southern Highlands retreat Bunya Hill, a 45 hectare black Angus cattle stud at Sutton Forest that cost $6.5 million in 2008.
Two years ago Kidman gave Vogue a video tour of the property that has long been hidden from the public eye behind hedging.
The 1878 Georgian mansion with wide sandstone verandas, pressed-metal ceilings and 10 marble fireplaces was once leased as a vice-regal rural retreat for Lord Augustus Loftus, a governor of NSW in the colonial 1880s.
Nicole sold her three-storey Darling Point villa in 2009 for around $13 million which she bought with ex-husband Tom Cruise.
She was on the expansionary path then as they initially paid $4.2 million in 1995 to buy part of the Yarranabbe Road property, picking up the remainder for $4.75 million in 1998. 
Nicole and Keith still own their a farm in Tennessee, a house in California's Beverly Hills and another high-rise condo in New York.
The New York apartment in Chelsea, the heart of Manhattan's art district, cost them $US9.67 million.
The two level, 220 sqm fourth floor digs are diagonally across the road from the Gagosian Gallery.
 This article first appeared in the Daily Telegraph.
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Nicole Kidman and Keith Urban eye Milsons Point expansion

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Celebrity couple Nicole Kidman and Keith Urban have passed up the chance to lock out the top floor of the Latitude building in Milsons Point.
The <a href="https://www.urban.com.au/news/69774-nicole-kidman-and-keith-urban-milsons-point-expansions" target="_blank">third and final apartment</a> on the top floor had been listed for sale, however it was confirmed the pair were not the buyers after it sold for $8 million.
It last traded for $3,795,000 in 2007 when former CoreLogic boss Graham Mirabito and wife Michelle bought the two level, three bedroom apartment.
The purchase by Kidman and Urban would have seen a whole floor amalgamation with over 1,300 sqm of living space.
<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/2017/06/26/Kidman2.jpg" alt="">
The Hollywood stars first bought in to the building in 2009 when they paid around $6 million for the 420 sqm penthouse of Yellow Brick Road chairman Mark Bouris.
They added the adjoining 380 sqm unit three years later for more than $7 million and merged the two apartments.
McGrath agent Nigel Mukhi sold the apartment, confirming the buyer "wasn't them".
The couple do own a third apartment in the block.
Kidman paid $2.68 million for a 19th floor apartment which has been utilised as a home office.
The couple are US based and own a farm in Tennessee, a house in California's Beverly Hills and another high-rise condo in New York.
The New York apartment in Chelsea, the heart of Manhattan's art district, cost them $US9.67 million.
The two level, 220 sqm fourth floor digs are diagonally across the road from the Gagosian Gallery.
 
 
 
 
 
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Kidman and Urban say no to Milsons Point penthouse

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The Milson Point's QE Foodstores premises have been sold for $6 million.
QE has other stores in Balmain, Camperdown, Darlinghurst, Newtown, Randwick, Waterloo and Waverley.
The shopfront at <a href="http://commercialpropertysearch.savills.com.au/0bbda22c-73bc-e811-80e6-005056816353/Sale/Milsons-Point/88-Alfred-Street" target="_blank">88 Alfred Street</a> was listed with $5.5 million hopes in November, through Savills agents David Hickey, Tom Tuxworth and Nick Tuxworth.
They expected interest from local, interstate and offshore investors.
<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/2019/4/11/QE2.jpg" alt="">
The property has a new 10 year lease, with two five-year options.
On its listing Hickey said the lease and strong annual increases will attract buyers looking for secure, super-prime investments in the sub $10 million category. 
“Throughout 2018, we have seen a weight of capital chasing retail properties in prime locations, particularly in highly populated and affluent inner-urban and suburban areas," Hickey said.
“Investors are certainly looking for quality over quantity in the current market, and 88 Alfred Street fits that category.”  
“QE Foodstores took a strategic view on the local Milsons Point, Kirribilli, McMahons Point and Blues Point precinct when they noticed the community had been starved of a quality supermarket for a very long period of time,” Hickey said.
“The business decided to venture to Sydney’s North Shore and open its ninth grocery store to cater to this pent-up demand for fresh, quality and artisan produce.
<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/2019/4/11/QE3.jpg" alt="">
“At 88 Alfred Street, the store benefits from being situated in Sydney’s second most-liveable suburb, only a 10-minute walk from the Sydney CBD and North Sydney.” 
Hickey said QE Foodstores appealed directly to a growing number of affluent Baby Boomer and Millennial shoppers, “who shop more frequently with smaller basket sizes”. 
“These shoppers demand personalisation, special services and quality products, which is what QE Foodstores has strived to deliver since opening its first store 16 years ago,” he said.
“The owners’ goal is to keep growing and provide a great range of products and services to many more Sydney neighbourhoods.
“They are constantly on the lookout for new sites in the inner city and east, and they’re now very seriously considering additional sites on the Lower North Shore.”
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