Potts Point apartment record broken with $16 million sale

Potts Point apartment record broken with $16 million sale
Potts Point apartment record broken with $16 million sale

Audio boss Peter Freedman has spent $16 million to buy the Ikon penthouse of former Macquarie banker and TV production company chief John Caldon.

It was an off market deal.

Freedman, who founded and is the managing director of RØDE Microphones, is trading up six floors, having spent $5 million on a three apartment on level 12 last year.

Now he's to call level 18 home in the building on the site that was formerly the Chevron-Hilton Hotel in the 1960s.

Freedman's father Henry apparently did the sound for live acts.

It's not the first time Freedman's been on level 18. Last year he sold his former penthouse in the same building for $8.32 million to printing magnate Michael Hannan.

The penthouse Freedman just bought has been completely gutted and extensively renovated since Caldon and his TV producer partner Lyndey Milan paid $5.25 million in 2005.

The sale topped the former record which has stood since 2012 when billionaire Bob Ell sold his Pommeroy penthouse for $15 million to liquor industry heavyweight John Piven-Large.

So far no agent has claimed credit, with Domain advising only of an unconfirmed rumour.

Currently on the market is the nearby Villard apartment owned by digital media boss Matthew Kapp which has $16.5 million hopes.

It features its own private rooftop swimming pool.

An Elizabeth Bay penthouse sold last night for $5,425,000 through Ray White.

The Oceana penthouse which needed renovation was being sold for the first time since construction.

It was offered by the executors of the late property lawyer Neville Grace with a revised price guide of $5 million.

It occupies a half level at the prized northern end of Oceana, a landmark waterfront building standing on the most northern point of the Elizabeth Bay peninsula.

Selling agent Ian Campbell said there had been strong interest from expats in the UK and New Zealand for the three bedroom penthouse which ended up selling to local buyers. 

With Ray White NSW Blue CEO Jason Andrew working as auctioneer, the auction bidding opened at $4 million after some 115 groups going through the property during its campaign.

“It appears buyers who don’t need finance are the ones in the best position to buy right now," said Ian Campbell.

Potts Point Penthouse Sale


Be the first one to comment on this article
What would you like to say about this project?