Picture postcard perfect, but John Chaina's Potts Point apartment sold at an undisclosed loss

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The mortgagee-in-possession has sold the Grantham, Potts Point apartment of besieged hotelier John Chaina.

Chaina had listed his Grantham Street apartment for April auction, and a bid of $6.7 million was rejected. The mortgagee-in-possession then scheduled the three-bedroom, three-bathroom apartment with westerly views to the Opera House and Sydney Harbour Bridge for mid-September auction with price hopes of $6 million plus.

It was again passed in through Richardson & Wrench Elizabeth Bay's Jason Boon and Belle Property's Rick Nolasco, who have since secured a buyer at an undisclosed price.

It cost $7.5 million off the plan in 2007. It was settled in August 2010 upon completion.

With one apartment per floor, The Grantham complex stands on the site of a former serviced apartment block that was operated by the Goldstein family, which retains the penthouse of the new building.