Title Tattle's peek inside David Walsh's Horizon penthouse complete with possible artwork inclusion

Jonathan ChancellorFebruary 13, 2014

Here is the first look inside Tasmania's gambling arts patron David Walsh full-floor penthouse atop the Harry Seidler-designed Horizon, Darlinghurst tower.

It's being scheduled for March 15 auction through Bill Bridges of Ballard Property Group.

The proprietor of the much-admired MONA gallery and Moorilla Estate vineyard, is set to include select artworks from his private collection, including a watercolour triptych on paper by John Olsen, to sweeten the property deal. But given the works are not within the contract - who would want to pay stamp duty unncessarily - it will involve a separate set of negotiations.

There is also a long prominent Michael Johnson art work on the curved wall that Title Tattle imagines would be more likely to stay, although it too is not actually part of the contract's inclusions.

The speculated price is $16 million plus for the 43rd-floor penthouse.

It was bought from property developer Lang Walker in 2002 for $10 million through Bill Bridges, and exceeded Sydney's then $8-million penthouse record. The three-bedroom apartment covers 586 square metres of living space wrapped in deep curved terraces and also has six car spaces.

"This is undoubtedly the best view I have seen in my 57 years as a real estate agent," Bridges says.

Walsh briefly tried to sell in 2006 for $16 million, but at the time there was an accute oversupply of upper-floor stock in the landmark Forbes Street block. Back then the property developer Bob Ell had his abode - a four-bedroom, four-balcony, 565 square metre whole floor 40th-level apartment for sale. As did the celebrity manager Harry M. Miller, who was looking for a buyer for his 41st-floor, 470 square metres apartment. Both have long sold clearing the way for the Walsh relisting.

Developer Elarosa's commissioning of Harry Seidler's 43-storey skyscraper was credited with taking Darlinghurst out of its damp terrace era.

Walsh has recently had a Coco Republic custom furniture fitout with the aim of enhancing its appeal to Chinese buyers as a home and corporate home office suite, which would perhaps help on the annual strata levy deductability.

Nothing extra being thrown in down at the Toaster (pictured below), but it is worth a look inside too.

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The while 11th floor Toaster, Bennelong apartment comes with $30 million plus hopes.

news@propertyobserver.com.au

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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