Point Piper resumes trophy home sales momentum into 2015
The Lim family have sold their clinker brick Wolseley Road Point Piper property, kicking off the 2015 prestige sales with a reputed, unconfirmed deal at close to $28 million.
It comes with U-shaped feng shui-inspired building plans, so the bullish price effectively represented lucky land value. A very bullish $41,000 a square metre.
The hillside near harbour side offering which was listed last July came with approved plans for a massive Alex Tzannes designed harbour-side home offering 648 square metre of internal living space across three levels with sweeping Sydney Harbour views.
The recent sale, which has yet to be identified on listing websites, came after LJ Hooker Double Bay agent Alain Waitsman seemingly introduced the buyer.
Elliott Placks at Ray White had the listing which last sold at a hefty $20.55 million in 2008. Apparently they wanted as close to $30 million as the market would offer.
The plans had five bedroom suites, each with bathroom and walk-in robe, plus self-contained studio, office, and a state of the art kitchen, butler's pantry, theatre, gym and garaging for four cars.
The property is a 678 square metre holding.
The development application was secured despite the opposition of entrepreneur Phil Green, the Vogliotti family and Bill Webb from across the road.
Julina Lim is from the Oceania Property Corporation.
It was 2010 when the Lim family secured Land and Environment Court approval to proceed with the new $3.8 million four-storey home, though they have yet to proceed.
It was easy to lose count but there were six prestige sale in Point Piper last year after the backlog's first sale in June 2014 when the daughter of the late Peter and Ruth Simon, Marion Richmond, sold to Global Renewables chief David Singh and his wife Belinda
Just a week later Ron Medich sold his home, which the Lim's look down on, to the aged-care industry boss Peter Wohl and his wife Jennifer.
Another four sales took place in the second half of 2014.