Darlinghurst apartment sells prior to auction for $5 million

A three bedroom Sydney apartment was sold prior to auction on Thursday night for $5 million.

The price bested all of Sydney's weekend auctions results, according to Australian Property Monitors.

The north-east corner apartment on the 16th floor of the Residence secured $5 million for the vendors. It offers panoramic views over the CBD, Hyde Park and the harbour.

Each of the three bedrooms in the 204 square metre apartment includes walk in robes, while two have attached marble en suites. The living area features a gas fireplace and limestone underfloor heating.

There is also a private sheltered BBQ terrace.

The apartment was auctioned by Simon Polito of Laing Real Estate, who is somewhat of a Residence specialist, having marketed apartments in the building since the off the plan stage, five years ago.

It was purchased by an Australian resident, who can expect to pay $5,236 per quarter in levies. The Residence offers a gym, indoor pool, common lounge and temperature controlled wine room.

The $5 million apartment isn't the most expensive in the complex, which has recently seen $5.7 million sales.

The vendor of apartment 71 purchased it for $4.8 million in November 2012.