Fox Sports host Brendon Julian settles on new Bronte apartment

Fox Sports host Brendon Julian settles on new Bronte apartment
Title TattleJuly 1, 2019

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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