$13 million Wirra penthouse sets Neutral Bay off the plan apartment record
A local downsizing couple has spent a record $13 million on the penthouse in Podia's new Neutral Bay apartment development, Wirra.
The size of the apartment, at 200 sqm, and the location of Wirra, on Ben Boyd Road next to Neutral Bay Village, were the two contributing factors for the couple.
The apartment has three bedrooms, four bathrooms, and parking for three cars. The buyer hadn't initially been searching in Neutral Bay.
All the penthouse levels have now been snapped up, with 30 per cent of the 20 apartments already sold.
The sale was facilitated by Michelle Dong from Australian Property Group in partnership with Atlas. Dong said the sale underscored the growing demand for high-end living spaces with iconic panoramic city and harbour views in the suburb.
“This sale firmly positions Wirra, Neutral Bay alongside similarly luxurious projects in Sydney’s CBD and Eastern Suburbs,” Dong says.
Wirra joins Podia’s portfolio of growing projects including the new luxury hotel-apartment development The Bonobo by Raes in Byron Bay, in partnership with hotel and hospitality brand, Raes. The project sits opposite Merivale’s hospitality redevelopment of the former Cheeky Monkey’s.
The Bonobo by Raes, under construction and 75 per cent sold, comprises 41 two, three and four-bedroom hotel apartments which are due for completion in the next 12 months.
Podia has also recently purchased a 16,000 sqm mixed-use site in Salt Village, Kingscliff that they are redeveloping into a community-focused precinct which will offer a diverse variety of housing and accommodation options.
Wirra Neutral Bay, a collaboration between Podia and Centennial, has been designed by MHNDU with interiors by Richards Stanisich.
Ultra Building Co will build Wirra, which is slated for completion in late 2025.