INXS guitarist Tim Farriss secured $1.7 million for Milsons Point apartment
The INXS guitarist Tim Farriss secured $1.73 million for his Milsons Point apartment at weekend auction.
It was bought seven years ago off the plan for $1.65 million in 2007.
The apartment at 1003/118 Alfred St was bought as an investment with intentions to have it as a city bolt-hole away from their Southern Highlands farm where they breed cattle.
It had been listed through Belle Property Neutral Bay agent, Mark Jackson with $1.6 million plus hopes.
Over the years its asking price rent has ranged between the initial $1,000 a week sought in late 2009 and the $1,250 weekly asking rental sought briefly earlier this year.
The 10th-floor apartment in the North Residences was briefly up for sale in 2010 with hopes of more than $1.7 million. It has 146 square metres internal space plus 20 square metres balcony, parking for one car and storage space.
It is in a converted office building which completed in 2009 with three bedrooms, two bathrooms, open plan interior and a gourmet kitchen.
Tim Farriss and his wife, Beth apparently envisage a move to the Northern Beaches.
Farris has been part of INXS since the beginning, playing with his brothers, Andrew and Jon Farris, and high school friend Kirk Pengilly, as featured in the Channel 7 mini-series in which he collaborated.