Fox Sports host Brendon Julian settles on new Bronte apartment

Fox Sports host Brendon Julian settles on new Bronte apartment
Fox Sports host Brendon Julian settles on new Bronte apartment

Retired Test cricketer Brendon Julian­, who’s having a few late nights hosting Fox Sports' ICC World Cup coverage, has secured tenants­ for his recently-settled­ Bronte investment apartment.

He was among the buyers in Danny Avidan’s redevelopment of the former Bronte RSL site.

Julian paid $2.5 million for a two-bedroom Macpherson Street apartment off the plan back in October 2016, with settlement occuring only recently after delays in commencement.

He sought out $1500-a-week tenants, reflecting a yield of 3.1%.

The 120 square metre Bronte Place apartment is an investment for Julian and his wife, Suzanne, who have a nearby Bronte residence.

They bought a rundown 1970s home for $5.3 million in 2007, before renovating it into a contemporary home with pool.

Former fashion mogul-turned-property developer Avidan purchased the former Bronte RSL site for $8.8 million in late 2015 from developer Winston Langley.

The sale came with approval­ for 21 apartments at the SJB Architects-designed project.

Avidan then lodged an application to add more residences, which was rejected by Waverley Council and then the NSW Land & Environment Court.

When launched in 2016, prices started at $1.5 million for a one-bedroom with study to more than $2 million for a two-bedroom unit — as well as a penthouse that sold for $4.6 million.

Julian likely wouldn’t have made much if he had flipped the apartment.

The neighbouring two-bedroom unit is up for sale for $2.22 million as unsold developer stock, albeit it is a much smaller and narrower apartment.

This article was first published in the Saturday Daily Telegraph.  

 

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