Heritage Smithfield Grange, Coogee trophy sells for $6.3 million

Heritage Smithfield Grange, Coogee trophy sells for $6.3 million
Heritage Smithfield Grange, Coogee trophy sells for $6.3 million

The Coogee residence, Smithfield Grange, found its next owner on the weekend after selling for $6.3 million.

They plan to restore the magnificent 1880s Italianate mansion as their home.

It is currently a rental premises with 12 bedrooms grossing $307,000 income, at $500 a week per room.

Gavin Rubinstein and Oliver Lavers of Ray White TRG secured the sale of the 1100 square metre holding which last sold for $705,000 in 1990.

It has been tenanted since the 1940s.

Randwick Council has indicated it intended to issue a fire safety order on the home which was built for John Starkey, who manufactured cordial, aerated water and ginger beer.

His wife Fanny died in 1893 and he passed away just five years later when The Daily Telegraph put the value of his estate at £101,137.

UK ex-pats, the Starkey brothers were producing 4200 dozen bottles each week by the mid-1870s — their ginger beer output was the largest in the Southern Hemisphere.

This article first appeared in The Daily Telegraph. 

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Coogee

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