Balmain

Sydney-based investment house Princeton has recently acquired one of the last remaining warehouse conversion sites in the Balmain Village Precinct, worth a combined value of $40 million.&nbsp;

The 960 sqm inner-west site at 73-75 Beattie Street will house just five three-bedroom terraces along with a one-of-a-kind New York loft-style four-bedroom penthouse, with views to the Sydney Harbour Bridge and city skyline.&nbsp;

Construction will kick off in the first quarter of next year as the new residences position themselves as welcome addition to the affluent suburb.&nbsp;

While Sydney property prices show signs of dropping, the latest CoreLogic figures show Balmain has experienced a steady increase over the last five years, with a growth rate of nearly 20 per cent over the last twelve months and a current median sales price of $2.7 million.&nbsp;

<img alt="Render of the proposed Beattie St development " data-entity-type="file" data-entity-uuid="fc40fe3e-2d77-4c14-9f93-f6e929967793" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/CGI%20-%20Llewelyn%20Street.png?VersionId=GHbYC3UB_mUR.3yDK47G0Led5Gaz8Ymx" /> 
Render of the proposed Beattie St. development.

Princeton founders, George Gadallah and Craig Anderson said the new addition provided the perfect step for their quick growing investment portfolio in Sydney’s inner-west.

“The acquisition of the Balmain site is an exciting leap forwards for Princeton in the highly competitive inner-west market,” said Gadallah.

“Balmain is one of Sydney’s most in demand suburbs and continues to outperform the wider market due to government infrastructure announcements such as WestConnex and Sydney Metro West, as well as its proximity to amenities in the CBD, strong demographic and lack of land supply.”

“This development will offer home buyers dynamic, terrace-style living with unparalleled views of Sydney’s world-famous harbour, with each terrace providing a separate home office or rumpus room above basement car parking.”

“It’s going to be exciting to see this project come to life over the coming months/years and cement itself as a crown jewel of the inner west,” Gadallah added.&nbsp;

The Balmain project will join an already strong portfolio from Princeton, including the underway Botany project, Baronet &amp; Banks, Serrata in Blakehurst, and luxury living development in Bondi Beach with Eurangi.

The 960 sqm inner-west site at 73-75 Beattie Street will house just five three-bedroom terraces along with a one-of-a-kind New York loft-style four-bedroom penthouse, with views to the Sydney Harbour Bridge and city skyline. 

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Princeton to build apartments in the heart of Balmain 

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Architect Conrad Johnston and his wife Katrina have sold their Balmain home.
The <a href="https://www.realestate.com.au/property-house-nsw-balmain-121742926" target="_blank">Stewart Place home</a> was a 100 year old worker’s cottage before its 2009 makeover.
Set on a sloping 241sq m block, the Fox Johnston architects director bought the property for $860,000 in 2006 then added a modern open-plan extension.
The original cottage now contains three bedrooms overlooking gardens ­designed by Daniel Baffsky from 360 Degrees Landscape.
On the second level there is a bedroom with ensuite and an adjoining study.
The interiors have green walls and an internal atrium.
The home sold ahead of its weekend auction having been listed with a price guide of $2.4 million to $2.5 million through Cobden &amp; Hayson agent Peter Gordon, with it selling at $2.5 million plus.
This article was first published in the Sunday Telegraph.
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Fox Johnston Balmain workers cottage reno snapped up pre-auction

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A newcomer to Balmain, TOGA’s luxury Harbourfront Balmain development hugs the peninsula waterline and offers buyers a taste of the sophisticated village life.
Stretching out after work, wine glass in hand, observing ferries take commuters home is an archetypically Sydney indulgence, usually the preserve of a waterfront restaurant seating on an evening out.
The sleepy peninsula development Harbourfront Balmain offers this prospect in a prime city-fringe spot. Those balancing full-time work, family commitments or simply life’s wearisome routine will spy much more than the waterfront views. 
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This neighbourhood development, nestled on 150 metres of waterfrontage on the banks of the Parramatta River, looks out to Sydney Harbour capturing views north to Spectacle Island and west to the Iron Cove Bridge.
Only 29 boutique apartments remain for sale – priced from $850,000 – refreshingly reasonable for a slice of city-fringe waterfront.
Half a kilometre or so east of Harbourfront Balmain, leisurely walking distance, Darling Street offers a plentiful supply of artisanal coffee shops, designer children’s clothing boutiques and cosy bakeries.
The combination of waterfront living, charming village appeal and, peaceful surroundings acts as a magnet for downsizers, young professionals and families moving to snap up a city-lifestyle without the hustle and bustle.
Harbourfront Balmain will comprise 121 residences across eight low-rise buildings between three and five-storeys high including one, two and three-bedroom apartments and nine three-bedroom terraces.
<img src="/images/2016/05/06/700_toga3.jpg" alt="">
Half the buyers at Harbourfront Balmain are a mix of young professionals and families with young children who are moving for inclusive city-centric convenience as well as more space and a suburban feel, notes TOGA General Manager of Sales &amp; Leasing Alex Adams.  
Typically they will trade in an older-style home in the surrounding suburbs - like Rozelle, Drummoyne and Lilyfield - for a terrace home or a two or three-bedroom apartment.
“Buyers are lapping up the waterfront lifestyle with a suburban feel so close to Sydney’s jam-packed CBD,” Mr Adams said.
Designed by Bates Smart, Harbourfront Balmain features luxury amenities including a large private oasis garden, gymnasium, swimming pool and a 150-metre water frontage with impressive views.
“The incredible location, premium amenities and village atmosphere combine to reframe the experiences that shape our everyday lives,” Mr Adams said.  
“When you look at the everyday – living, eating, socialising and rejuvenating – Harbourfront Balmain offers a level of laid-back luxury rare to find so close to the city,” he added.
One, two and three-bedroom apartments include a parking space for each bedroom; a rare extravagance for a city-fringe site.
A homage to bygone factories, Harbourfront Balmain’s unique architecture reimagines the suburb’s industrial roots with aged copper roofscapes and distinctive raked brickwork.
Interiors enhance the waterfront location including reflective materials such as mirrors and tiles to respond to the harbour and maximise light and airy spaces.
<img src="/images/2016/05/06/zumbo.jpg" alt="">
Harbourfront Balmain is expected to complete in early-2017.
An on-site display and sales centre is open Thursday to Sunday 10am to 2pm or by appointment.
For more information or to register your interest visit <a href="https://www.harbourfrontbalmain.com.au/" target="_blank">www.harbourfrontbalmain.com.au</a> or call 1300 212 854.
 
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It’s Balmain, darling! This inner west village is luring buyers seeking laid back luxury

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Fitzy &amp; Wippa sidekick Sarah McGilvray and her husband, Thales Group director James Couche, pulled their Balmain terrace from its recent auction.
They were hoping to flip it after the couple paid $2,040,000 just last year.
The auctioneer turned up in the rain for the early evening onsite auction, but not the bidders.
Belle Property Balmain agents Lyndsey Kemp and Kristyn Brennan had a $2.1 million guide. It is now for sale at $2.18 million.
The home (above) has three bedrooms and one bathroom on its 135 square metre parcel.
The couple have been busy renovating, even while they had their first child, William, late last year. 
The new mother, who was in London with the team for the recent Royal Wedding, joined the Nova FM team in 2016 and produces Fitzy &amp; Wippa's breakfast show.
They're opting to be closer to the North Shore where much of their family live.
The inner west's auction success rate is running at around 55 percent, with Balmain leading the declining success rate.
Last weekend the long-time Balmain home of celebrity pâtissière Adriano Zumbo failed to sell at auction.
It now has a price tag of $1.7 million.
There were four contenders at the auction, although Paul Cooper at the Coopers Agency, who is marketing the home with his son Matt, said only one had finance approval.
"Finance approvals are presently taking so much longer than in the past," Paul said.
There has been an offer at $1.7 million but subject to forthcoming approval.
The dessert king, who crafted his trade in the inner-west paid $675,000 back in 2003 after returning from a year stint working in France.
The property sits 800 metres from his flagship Balmain store which he opened in 2007. He spent some time working at the also nearby Victorie Bakerie.
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Zumbo has opened seven stores throughout New South Wales and Victoria including a concept store at The Star Casino.
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Set on 340 sqm, the home has three bedrooms, one bathroom and of course a renovated kitchen.
Paul and Matt Cooper and Coopers Agency are marketing the home that is leased until July 2019, returning over $1,000 a week.
This article was first published in the Saturday Daily Telegraph.
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Balmain auctions leave vendors waiting

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A Balmain home, with views of the Harbour Bridge, has come onto the market with a $2.2 million price guide.
The two-story detached terrace, at 42 Campbell Street, features four bedrooms, two bathrooms, a balcony, and a small lawn.
It comprises a 219 square metre block, and has 150 square metres of internal floorspace.
It last traded in 2009, when it sold for $1.18 million.
Balmain’s median house price is $1.950 million.
Madeleine Russell and Monique Dower, from Belle Property Balmain, have the listing.
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Balmain home with harbour views listed for $2.2 million

The Sydney Eastern City Planning Panel have approved the $135 million re-development of the former Balmain Leagues Club site.

Investment house and residential developer <a href="https://www.urban.com.au/developers/heworth-group">Heworth Holdings</a> will be in control of the 28,000 sqm mixed-used development on the corner of Victoria Road and Darling Street.

As well as 167 apartments, there will be commercial space, including 'live/work' units, and a new public town square with a supermarket, speciality retail and a community arts studio.

The lower levels of the complex will comprise the new Tigers Leagues Club.

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The whole project will create over 1,000 jobs, with over 417 jobs as part of the construction phase and nearly 600 direct and indirect operational roles with the new club, retail and commercial components of the development.&nbsp;

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Heworth’s head of property Christopher Walsh described the DA approval as a “significant milestone in the site’s history and great outcome for the inner-west community”.

“We’re delighted that the project has been given the green-light and we can start work on resurrecting the site and building a new Balmain Tigers Leagues Club, for the benefit of its loyal members and the wider community, who’ll enjoy the new amenities,” Mr Walsh said.

“Heworth has&nbsp;continued to engage with the local inner-west community throughout the three year planning process and we’d like to thank Mayor Darcy Byrne and the Inner-West Council for their ongoing support and interest in the project.

Heworth Holdings comprises Heworth Fund Management, Heworth Lendbuild and Heworth Construction.

[smartcode_project:default project_id=29140]
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Balmain Leagues Club site set for $135 million re-development

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Two adjoining terrace houses and a warehouse in Balmain are being jointly auction as a vacant possession, with the four separate titles, approximately 560 sqm, to be sold in one line or two and two.
The property on 77-79 Beattie Street, Balmain, comes with commercial usage rights and development potential.
Ray White Commercial Inner West principal Tim Morrison said the property with easy access to the Balmain Peninsula as well as the northern, southern and western suburbs of Sydney.
“The terraces include kitchen and amenities while the warehouse is generously sized with a mezzanine level," Mr Morrison said.
“Balmain is a hot spot for savvy investors looking for development opportunities as it is only approximately 6km to the Sydney CBD." 
The auctioned is being held 10:30am on Thursday, August 13, 2015, at 50 Margaret Street, Sydney.
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 Balmain vacant possession ripe for development

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Balmain’s renowned Town Hall Hotel is the latest asset to test the strength of Sydney’s hotel market, with the prominent venue snapped up for $7 million.
The Balmain Pub Group secured the Balmain landmark, which was established in 1879.
Set on the corner of Montague and Darling streets on a prominent 445sqm site, the two-level hotel features a ground floor bar, bottle shop and upstairs dining area with second bar, as well as a seated balcony overlooking Darling Street.
CBRE Hotels’ National Director, Daniel Dragicevich negotiated the freehold sale of the prominent inner-western Sydney venue in conjunction with Knight Frank on behalf of brothers, David and Phillipe Du Maurier.
“This transaction also highlights the depth of buyers currently active in the sub-$10 million metropolitan hotel market, reinforcing that market buoyancy is not just limited to the top end of town," he said.
The sale takes Balmain Pub Group’s stable of assets to five, following their acquisition of the Greenwood Hotel in North Sydney last year. 
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Town Hall Hotel, Balmain sold for $7 million

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Anytime fitness co-founder Jacinta McDonell has listed her Balmain home.
McDonell, who oversees a gym empire of 420 clubs across Australia paid $3.3 million in 2014 for the Terry Street home.
McDonell is looking to head east for the kid's schooling.
<a href="https://www.realestate.com.au/property-house-nsw-balmain-122269330" target="_blank">Set on a 348 sqm block</a>, the reinvention of a double-fronted sandstone residence has three bedrooms and two bathrooms.
A heated mineral pool is met by an entertainers terrace with a built in barbecue and a self contained guest cottage.
Cobden &amp; Hayson agent Matthew Hayson is expecting $3.5 million at its April 28 auction.
She made a recent Byron Bay hinterland purchase, spending $2.1 million for Ammamead last October.
This article was first published in the Saturday Daily Telegraph.
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