Russell Crowe re-lists his Potts Point investment apartment:Title Tattle
The new chief executive at the Bank of Queensland Stuart Grimshaw and Susanne Grimshaw have listed their Killara residence following his posting to the Bank of Queensland. Grimshaw, who paid $3.5 million in 2003 for the 1,929-square-metre Fiddens Wharf Road estate, started out in the ANZ graduate program in 1983, before spending two years as a teller. He left the Commonwealth in 2009 to head up the $2 billion institutional funds house Caledonia. More than $4 million is being quoted by its listing agent Scott Farquhar at McGrath Lindfield. Stuart Grimshaw doesn’t yet appear to have purchased any new Brisbane home, but he has owned north of the border since 2001 given his $1.15 million Noosa acquisition.
Peter Everett, who was the ebullient host of Ready Steady Cook, the Channel Ten afternoon cooking show, has sold his East Redfern residence (pictured above and below) for $1.4 million through Pauline Goodyer and Brighid Fitzsimons at GoodyerDonnelley. The stately Victorian terrace retains its original façade, but the interior of the house has been completely rebuilt by a master builder. Everett, who has maintained his hand at interior décor, had bought the Kepos Street terrace for $780,000 in 2004.
It now comes with three bedrooms and two bathrooms following its substantial renovation in 2008. Goodyer had been seeking $1.35 million since Christmas for the three level terrace. Everett’s dumping from the Channel 10 show still resonates through the industry as David Knox at the TV Tonight website wrote earlier this month that Colin Lane replacing Peter Everett had been “a move that generated a huge backlash from the audience.”
The veteran radio industry executive Brad March, who now heads Marchmedia, has his oceanfront Dover Heights clifftop (pictured above and below) listed for sale through Ray White Double Bay agent Michael Finger. About $5.5 million is expected at its March 22 auction. The six-bedroom Lancaster Road house is set on a 708 square metre block with a pool. It’s been his home since he paid $2 million in 1998.
Over the years March identified key talent including Wendy Harmer, Andrew Denton, Amanda Keller, Sonia Kruger, Eddie McGuire, Rove McManus, Jamie Dunn, Kyle and Jackie O, Adam Hills, Tracy Bartrum, Matt Tilley, Judith Lucy, Dave Hughes, Brigitte Duclos, James Brayshaw, Tony Martin and Mick Molloy, to name a few. March was appointed to the Austereo board in 1996 and its group managing director in 1997 at age 37.
The Channel 7 Morning Show co-host Larry Emdur and his wife, Sylvie, appear to have withdrawn their redundant Dover Heights residence (pictured above) from sale. It’s fallen off listing websites, and doesn't appear on the McGrath sales list either. Its late 2011 listing followed their recent $6.8 million upgrading to a nearby mansion with dramatic oceanfront cliff-top views over the Pacific Ocean. The Emdurs have owned at Dover Heights since 1994, when they spent $770,000. The McGrath listing agent Bethwyn Richards, who described the listing as a contemporary house remaining true to its classic P and O-style heritage, had estimated it would fetch more than $5 million.
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Marc Cuming, a private client adviser at Macquarie Bank, and his wife, the philanthropic Caroline Riddell-Clark, have listed their quaintly fronted Elwood (pictured above) residence. The Melbourne couple are seeking $2.75?million plus for the Ormond Esplanade renovated period home. It sits close to the beach on an 800-square-metre block. Kay and Burton agents Alex Schiavo and Ross Savas have the listing. Title tattle recalls the couple's last house was the 1883 LaLuma in Elsternwick.
Hollywood production company director Jason Schepisi is looking for $2.4 million for his three-hectare Byron hinterland estate (pictured above) at its April 14 auction through Nicolette van Wijngaarden of Unique Estates. The five-bedroom Newrybar house has three living rooms with interiors by Christian Liaigre, who did the décor for Rosehearty, the Murdoch family’s yacht. There’s a saltwater pool in the three hectare grounds which is a stroll from dining at Harvest Cafe and the day spa at Gaia Retreat. “The owners are relocating to New York immediately and their instructed price guide of only $2.4 million will ensure this stunning estate will sell on or before the auction,” van Wijngaarden said. Schepisi sold his previous Byron Bay retreat for $2.8 million, which was a Richard Neutra-inspired, Palm Springs-style, three-bedroom Brooklet hinterland house.
Bob and Helen Hargreaves, who were the 1985 founders of Le Forge, the hand-forged furniture manufacturers, have listed their historic Victoria Street residence, Overcliffe (pictured above and below). It’s the 1876 Potts Point cottage of master mariner George Kenny. The landmark house was restored by the Fink family, who built a modern rear three-storey extension designed by architects Clinton Murray and Shelley Penn. Leon Fink had secured permission to substantially demolish the timber cottage but then thankfully had second thoughts for the 299-square-metre block. Title Tattle recalls that before Fink it was the barrister Charles Waterstreet who bought the cottage in 1980 for $112,000, selling it reluctantly to the Fink family for $842,000 in 1988. It was the house briefly in the headlines when actress Kate Fitzpatrick unsuccessfully sought Supreme Court orders in 1996 claiming a 10% stake dating back to her relationship with Waterstreet between 1979 and 1982.
Overcliffe has been listed through Richardson and Wrench agents Jason Boon and Geoff Cox with $3.7 million-plus hopes. It last traded at a somewhat discounted $3.1 million in 2009. Given the marketing appears with photos of wisteria and frangipanis, the agents must have had their cameras posed when the garden was in full bloom.
The Palm Beach property (pictured above) owned by the Goondiwindi cotton farmer David Coulton and his wife Kim – passed in on a vendor bid of $2 million at auction last November – has been sold. They had been seeking $2.15 million through Gordon Archibald of LJ Hooker Newport. “The rural owners of this outstanding property have indicated that they are prepared to meet the market,” the marketing material advised. For many years, the Pacific Road house was the abode of David Coulton's 51-year-old brother, Mark Coulton.
Last week drug charges against Mark Coulton, a well-known Palm Beach identity, were dropped by the Commonwealth Director of Public Prosecutions. Mark Coulton had been charged last October with being the ringleader of a group conspiring to import a commercial quantity of a border-controlled drug. The charges were dropped after the police were unable to specify what type of substance or the quantity. Magistrate Graeme Curran said in Downing Centre Local Court he had no doubt there was "something fishy going on", but police jumped the gun by arresting Mark Coulton before establishing what the substance was. Mark Coulton is now asking the police to pay his legal costs. At his October bail hearing last year his barrister Charles Waterstreet said his client had never previously faced drug charges. He was granted bail after his brother-in-law Don Grieve and sister Dixie, a former deputy lord mayor, offered to forfeit $1 million if Mark Coulton failed to comply with his bail conditions. On top of their million-dollar surety, his bail conditions stipulate that Mark Coulton had to live with the couple in their Paddington home until the matter returns to court this month.
With plans to return to Santa Cruz in the US, Vivian and Richard Arnold have sold their Ken Woolley-designed Duffys Forest residence (pictured above). The four-bedroom house had been listed through the LJ Hooker Terrey Hills agent Kevin Packham with $3.5 million hopes. About $3 million was achieved for the residence set on a 2,044-square-metre fan-shaped block bordering a lake and the fairways and greens of Terrey Hills Golf and Country Club. The cul-de-sac house has a family living area that opens to an outdoor living-dining terrace overlooking the in-ground swimming pool, lake and golf course. It last traded in 2002 at $2.7 million.
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The Potts Point investment apartment (pictured above) of actor Russell Crowe – bought for $1.5 million in 2001 – has been relisted for sale. Around $2 million is tipped for the top-floor apartment through Brad Pillinger at Pillinger Property. More than $2 million was being sought on its initial October listing. Crowe was seemingly captivated by charm of Victoria Street – with the western sunlight filtering through the plane tree-lined Parisian-style strip, when it was bought in 2001 from the theatre director Jim Sharman. Sharman had bought it in 1984 for $310,000.
Just up Victoria Street, Walker Corporation’s national sales manager Don Carvalho has listed his Hordern Place investment apartment for March 17 auction. With Opera House and Harbour Bridge views, the Potts Point unit (pictured above) was bought in 1999 as an investment with holiday rental of $180 to $250 per day for many years and the more recently as a $600 a week-long term rental. It’s a one-bedroom, one-bathroom unit with car space list through Matthew Carvalho at BresicWhitney Estate Agents.
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It’s the kitchen that truly impresses in the latest offering on Kooyongkoot Road, Hawthorn (pictured above). It’s the cooking domain of well-known foodie Linda George and her husband, Peter, who’s an executive at headhunting firm Talent2. Linda has won numerous awards for her cookbooks. The six-bedroom Italianate Victorian mansion-style residence was constructed after the 1,250-square-metre block cost $855,000 in 1998. It has been listed through Michael Armstrong at Kay and Burton with $6 million-plus hopes. It’s the second major listing on the road in recent weeks, the other being a more pricier offering.
Russell Skerritt, the long-time board director of the Australian Nursing Home and Extended Care Association, and his wife, Patricia, have emerged as the buyers of the Cremorne Point apartment (pictured above) sold by investment funds manager Chris Cuffe for about $6.7 million at its private invitation auction in September last year through Belle Property Mosman's Tim Foote. In a boutique secure building on Milson Road at the tip of Cremorne Point, the three-bedroom apartment had been on the market since January, when it was listed with $8.75 million hopes. The 375-square-metre apartment with views to the Opera House and Harbour Bridge traded at $6.05 million in 2003. The Skerritts have sold their nearby Federation home through Foote at a still undisclosed price. It was bought for $3.16 million from the Jaggard jewellery family in 2004. The two-storey, strata-titled terrace built 14 years ago, has 369 square metres of floor space.
Mike Crivelli, the chairman of Perennial Investment Partners, and his horticulturist wife, Sue, have sold their Pomeroy, Potts Point apartment (pictured above). It was listed in October last year with price hopes of more than $7 million through Richardson and Wrench agents Jason Boon and Geoff Cox who apparently secured spot on $7 million. The seventh-floor north-east corner four-bedroom, four-bathroom apartment has wide terraces and views of Sydney Harbour. The Crivellis bought the Winten-built apartment off the plan for $4.5 million in 2002 and then they worked with the building's architect, Susan Rothwell, to configure it to their specifications. In 2003 just before its completion the merchant banker sold his Longueville mansion, Kara, after 25 years’ ownership, for $4,237,500.
Mark Warburton, who has been head of equity capital markets in Asia for Macquarie Bank and based in Singapore since late 2007, has sold his $2,735,000 at Macmasters Beach property (pictured above) for $2.55 million. The contemporary four-bedroom, three-bathroom beachfront home with views from Second Point to Copacabana Beach last traded in 2008 when it had been on and off the market since late 2006 with $4 million hopes.
Title Tattle aims to tell you first – often before it happens – so the official sale price paid by Ros Oatley-Lambert, the former wife of the former Southcorp wine chief Keith Lambert, for her neighbouring Balmoral harbourfront property, Kahala (architect's impression above), was registered mid-week. It was $19 million with the suggestions it was all about seeking to improve her garden and boating facilities. The 1,485-square-metre Hopetoun Avenue acquisition was sold by Albert Bertini, the flamboyant property developer. Title Tattle had speculated the price was above $18 million, perhaps just shy of $19 million, when news of its sale broke on Property Observer last November. The subsequent newspaper reports were a little wayward, suggesting it was a $20 million sale through Raine and Horne agent Brendan Warner.
Bertini and his former wife, Heather, bought Kahala from the successful veteran property developer Phil Arnold for $22.5 million in pre-global financial crisis 2007. Arnold paid $380,000 for the estate when it was sold by Lady (Delzie) Hooker, the widow of the real estate tycoon Sir Leslie Hooker, whose ashes are buried on the foreshore rocks. In 1940, Les Hooker paid £3,050 for the property and during the 1950s he built a three-level house and a boatshed. Bertini started works to rebuild the house as well as two pools, garaging for eight cars and a $1 million tunnel with a lift to the boatshed. The Oatley viticulture family, who sold their Rosemount wine business to Fosters in 2001 for $1.4 billion, paid a then record $15.5 million for their Balmoral residence, Rivendell, which has limited boating facilities, when it sold through Richardson and Wrench Mosman agent Robert Simeon. Rivendell is a 2,000-square-metre double block.
And lastly Title Tattle can report another very rare transaction - house swapping. Toni Collette was last week's unusual house swap play at Bronte. This week it's in Bellevue Hill, where David and Jaclyn Gazal have spent $12 million to upgrade to a six-bedroom house on a 2,148-square-metre Victoria Road holding. The sellers, Lloyd and Simone Berger, have then bought the Gazals' smaller house on Fairweather Street for $5 million. Let Title Tattle know if you know of another so we can complete the trifecta!
