Horse-powered George Altomonte's Kirribilli apartment listed with bridge views
Newly listed, George Altomonte's Kirribilli apartment has been listed with harbour and bridge views, and hopes of $8 million plus.
The "house-like" ground floor apartment has uninterrupted views of the Opera House and Sydney Harbour Bridge, as seen in the photos, and as such has a hefty price tag attached.
Altomonte, who established Alto Group, founded his first auto repair shop in Chatswood in the 1960s. He then began breeding stock horses, standing the first ever registered Australian stock horse, named 'Cecil Bruce'. In the 1970s he then began with thoroughbreds, where he purchased the Corumbene Stud at Dunedoo in 1978.
He has been involved in breeding some of the more significant horses in Australia, including Overreach, winner of the Golden Slipper this year. The Daily Telegraph recently noted that said he would not sell the filly for any price.
Whether his success will be repeated in the property market is to be seen. Having been purchased by Altomonte in May 2001 for $4,250,000, the apartment was then briefly listed in January 2011 with $7,500,000 plus hopes before being taken off of the market, according to RP Data.
The home, on Kirribilli Avenue, is a three-bedroom, three-bathroom opportunity, with an entertainer's terrace, Gaggenau kitchen appliances, a walk-through wardrobe and two parking spaces. The complex itself features a swimming pool and a gym.
At 256 square metres in total, it has $1,405 per annum council rates and $653 per annum water rates.
This isn't the first thoroughbred owner to list their Kirribilli apartment. In 2011, Property Observer reported that thoroughbred horse owner Tony Huang listed his waterfront Greencliffe apartment... which is also on Kirribilli Avenue.