Westpac executive Lyn Cobley buys in Cremorne
The Mosman-based Lyn Cobley, Westpac's most senior corporate and institutional banker, has bought in Cremorne.
She has spent $1.9 million on a three bedroom, two bathroom investment Beau Monde apartment, which was quickly leased at $1100 a week, reflecting a tight three percent annual rental yield.
Renovated throughout since last traded for $420,000 in 2004, the apartment spans 170 square metres, with two large balconies extending from a bedroom and the open plan living, kitchen and dining area.
Cobley previously worked as the group treasurer at Commonwealth Bank for six years and has held senior positions at Barclays Capital and Citibank.
Belle Property Neutral Bay agents David Benjafield and Jesse Zammit sold the apartment.
This article first appeared in The Daily Telegraph.
