Russell Crowe quietly sells East Sydney commercial block

Russell Crowe quietly sells East Sydney commercial block
Russell Crowe quietly sells East Sydney commercial block

Actor Russell Crowe continues his property sell off as he quietly sells his East Sydney commercial building for around $17 million.

There were weekend whispers about the proposed sale of the Riley Street block, with a report the exchange took place yesterday.

It has the 98 Riley Street Gym and offices.

The warehouse space on 677 sqm cost Crowe $5.05 million in 2003 when he bought it from the late Ron Baddock and Richard Dabbs, who ran the premises as a printing business.

Designer Blainey North, who later redesigned the building, currently leases a part of the building for her interior design business.

The sale follows Crowe's Kingsford investment property that he sold for $3.2 million to PWC Australia partner Jason Habak and wife Linda.

It had previously been leased rent free to his former band mates before the sale.

The property sell off comes amid property settlement with his ex-wife Danielle Spencer.

In 2011 Crowe and Spencer spent $10 million on the Rose Bay trophy home, Te Puke after a four-year search, which remains in both of their names.

It has been Spencer's home since their separation.

Crowe retains his 320-hectare property in Nana Glen, near Coffs Harbour.  

The sale might mean Crowe won't have sell his Finger Wharf apartment on Woolloomooloo Wharf. He has put the price up from $25 million to $30 million.

Luxury car importer Neville Crichton offered $25 million for the apartment.

It cost Crowe $14.35 million in 2003.

Image courtesy of Google Street View.

Tags: 
Commercial Sale Russell Crowe

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