Eynesbury, the art deco Edgecliff apartment block listed for the first time since 1938

Eynesbury, the art deco Edgecliff apartment block listed for the first time since 1938
Eynesbury, the art deco Edgecliff apartment block listed for the first time since 1938

The Babington-Lees family, seeking to capitalise on strong market conditions, have listed a block of 11 units in Edgelicff that they have owned for nearly 80 years.

The art deco building cost £29,000 in 1938, three years after it was built.

The property is expected to fetch about $20 million when expressions of interest close November 30 through CBRE and Ray White.

Eynesbury, at 22 Albert Street, Edgecliff, has a rental return of $690,000 a year.

It includes 10 three-bedroom units each of about 164 square metres each.

There is one 400-square-metre penthouse, with harbour views.

The neighbouring house sold this week when investment banker Scott Malcolm and his wife Jane Taylor secured $15 million for their trophy home Carmel.

The building was on one title, on a 1296 square metre parcel, which could potentially be converted to strata for onsale.

Tags: 
Art Deco Edgecliff

Comments

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