Realm sets Adelaide penthouse record with $5.2 million sale

Realm sets Adelaide penthouse record with $5.2 million sale
Realm sets Adelaide penthouse record with $5.2 million sale

Adelaide's most expensive penthouse sold has been sold off the plan for $5.2 million.

The two-level northern penthouse in the Elenberg Fraser-designed tower had a $5.5 million asking price in January last year.

A local family purchased the penthouse that will have 455 square metres of internal space and 150 square metres of external space.

The southern penthouse is also on sale.

Demolition work began on the site of the 40-level Realm last September with completion expect in late 2019.

It is Adelaide's highest apartment located at 9-19 Austin Street.

The 40-level Realm comes with 311 apartments.

More than 86 per cent sold have been sold with prices starting at $345,000 through sales director Ben Small.

Realm Adelaide is being developed by Parallel Property, a private Sydney developer with family links to Adelaide.

It is directed by Anthony Pattinson and Paul Smith.

 

 

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.

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Adelaide

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