Syd Fischer sells $8 million Gazebo, Elizabeth Bay apartment

Syd Fischer sells $8 million Gazebo, Elizabeth Bay apartment
Syd Fischer sells $8 million Gazebo, Elizabeth Bay apartment

Syd Fischer's has secured $8 million for his remaining whole floor Gazebo, Elizabeth Bay high-rise apartment.

It's the 16th floor in the former 201-room 1970s hotel. The apartment has been bought by the vice president of the Brewers for Europe, Anthony Froggatt, who previously served as chief at Heineken UK Limited.

The 18-storey Elizabeth Bay Road tower, nicknamed "the corncob", now has 61 apartments after a four-year conversion was completed in 2005.

The penthouse-style residence was meticulously crafted to create a state-of-the-art environment for living and entertaining with house-like proportions, high-end custom finishes, world-class facilities and triple parking. 

It had 350 square metres of living space with four bedrooms, three ensuites and a guest powder room.

Back in 2005 $8.25 million was spent on the 17th whole floor Gazebo apartment.

The 18th floor apartment, which is 296 square metres, sold at $7.75 million in 2006. It is currently available for lease at $4750 a week.

Built in 1968 by Fischer's Australian Development Corporation Group, the round tower is recognised by the Australian Institute of Architects as a significant building of the 20th century.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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