Tourism boss Geoff Dixon lists in Sydney's iconic The Rocks precinct

Jonathan ChancellorFebruary 3, 2014

Tourism chief Geoff Dixon’s apartment in The Rocks is now on the market. It has quintessential Sydney postcard view across Campbells Cove to the Opera House and up towards the Harbour Bridge. 

But the Tourism Australia chairman, who paid $7.75 million in 2010, had initial $6.5 million plus hopes, which have been amended to $7 million plus expectations in recent editorials.

It had previously traded at $10 million in 2007 when sold by the late McDonald's chief Charlie Bell, who was its first buyer, spending $8,525,000 in 2003 after its refurbishment by Nettleton Tribe Architects for Tjeerd la Grouw's Amstal Property Group.

Its a two-storey penthouse on Hickson Road.

The three-bedroom penthouse sits atop the heritage 1912 Bond Metcalfe Bond building.

Posting the interior images online this week, McGrath agent James Dack has the listing of the apartment which has a total area of 328 square metres.

Its body corporate administration fee is $8,892 a quarter, or $35,568 annually, plus a quarterly sinking fund at $1,824 ($7,296 annually).

An annual total of $43,864, which would make any empty nester couple think twice about selling up their own home where they can just ignore the maintenance in their later years.

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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