U-turn as Lim family list hillside Wolseley Road, Point Piper offering

U-turn as Lim family list hillside Wolseley Road, Point Piper offering
Jonathan ChancellorDecember 7, 2020

The Lim family have listed their clinker brick Wolseley Road Point Piper property. It comes with U-shaped feng shui-inspired building plans. Some of the marketing photographs suggest it is a prized harbour front, but it is actually hillside.

It comes 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 plans - with one impression pictured above - endeavour to seek an "integrated free-flowing indoor/outdoor environment amid lush landscaped internal and external gardens, including an internal garden atrium and water-wall embracing the spiritual considerations of feng shui" through to a pool.

There are 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.

Elliott Placks and Ashley Bierman at Ray White have the listing which last sold at a hefty $20.55 million in 2008. Apparently they want $30 million.

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.

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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