The Georgian penthouse sells in highest Potts Point apartment sale since 2012

The Georgian penthouse sells in highest Potts Point apartment sale since 2012
Jonathan ChancellorMarch 25, 2014

Potts Point's latest offering sale has been the penthouse of the publican Chris Crawley after receivers PPB Advisory took possession.

Crawley developed The Georgian on Macleay Street in 2010, retaining the three-bedroom 680 square metre triplex penthouse with pool. 

Jason Boon and Andrew Hoggett of Richardson and Wrench Elizabeth Bay had been telling inspectees that it was set to fetch above $10 million. 

It's annual strata levy is just short of $20,000.

Expressions of interest closed on the 14th March, with the sold stickers posted yesterday.

The Georgian three-level penthouse came with views stretching from the city skyline to The Heads.

It was featured in the recent top 10 Sydney prestige penthouses He Said/She Said list.

Crawley was allowed to demolish an historic villa to undertake the project.

Former liquor merchant John Piven Large paid a reputed $15 million in 2012 for the Pomeroy, Potts Point penthouse of Bob Ell.

The previous highest sale was $8.85 million in 2011 when the Sutton car dealing family bought a 624 square metre penthouse, one of two in the Rockwall complex.

A $20 million off the plan offering in the Ashington project failed to proceed when the project collapsed, with the subsequent Investa project splitting the top floor into two apartments.

 

 

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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