Northbridge record setter again for KKR boss

Northbridge record setter again for KKR boss
Northbridge record setter again for KKR boss

A harbourfront residence in Northbridge smashed the suburb record when it sold after private treaty negotiations on Saturday afternoon for $15 million plus.

An offshore buyer secured the home from the Berlin-bound Justin Reizes, who recently retired as head of equities giant, Kohlberg Kravis Roberts.

The residence's $9.05 million sale in 2008 had held the Middle Harbour suburb record during the ensuing eight years.

The house on 1700 sq m on Coolawin Road sold through McGrath agents Michael Coombs and David Howe who had initial hopes of $16.5 million.

It is the third time the property - now with interiors by Hare + Klein - has set a suburb high as it held the mantle when sold in 2003 for $7.13 million by the Salteri family.

Set on a private beach with a boatshed and pontoon, the six bedroom, six bathroom house has landscaped gardens and pool.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Residential Sale Northbridge

Comments

Be the first one to comment on this article
What would you like to say about this project?