Rob Rankin sells Double Bay Gladswood Gardens apartment

The redundant Double Bay harbourfront apartment of the boss of the Packer casino empire, Rob Rankin has sold amid all his distractions.

It had been listed through Christie's agent Ken Jacobs with hopes of $4.95 million.

Initially listed in 2008 and then four months ago, the three-bedroom 275 sqm apartment is on the ground floor of Gladswood House, a sandstone residence near Redleaf Pool.

The 1850s-era Gothic mansion was converted into seven luxury apartments in the late 1990s.

Rankin and his wife, Paula retain Woodlands, a colonial mansion in Woollahra, bought from adman John Singleton for $6,825,000 in 2003. 

In 2006, the Rankins paid $7 million for a Palm Beach house that had been the home of the late Frank Markovic. They added a neighbouring Palm Beach property for about $5.7 million in 2010.

This article was first published in the Saturday Daily Telegraph.