Record-setting Bondi apartment back on the market

Record-setting Bondi apartment back on the market
Jonathan ChancellorSeptember 26, 2011

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Bondi Beach's record-setting $9 million apartment is up for sale. Since the Notts Avenue penthouse sold in 2006 there have been higher prices, but its listing agents are coy as to their current ambitions.

“It certainly will be selling for more than it last sold,” the listing agent Martin Maskin says.

It’s been listed by Spencer Young, the founder and chairman of a $6 billion global hedge fund business, as he plans to relocate to his country retreat.

The apartment covers the top floor of a three-story building at the south end of Bondi Beach, which has a north-easterly aspect.

The complex is direct above the Bondi Icebergs swimming, fitness and recreation club.

The apartment includes four security car spaces.

The penthouse sales in the area at higher prices include a Ramsgate Avenue apartment that changed hands at $9.8 million in 2007 for a two-level, five-bedroom penthouse on Ramsgate Avenue with 300 square metres of internal space plus balcony, and then more recently a penthouse in The Beach House at 178 Campbell Parade, which sold off the plan for $11.4 million.

The Notts Avenue offering has been listed through Martin Maskin at Raine & Horne Double Bay.

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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