Kirribilli

Award-winning, sustainable developer Stable Properties is set to take on a rare new development in&nbsp;one of Sydney’s most prestigious enclaves.

Stable, led by founding directors&nbsp;Ed Horton and Danny Flynn, have created a point of difference in the development space, looking to&nbsp;restore and redefine existing buildings and heritage properties.&nbsp;

Finalists in the Property Council of Australia’s Awards for Best Heritage Development, are seeking to recycle&nbsp;a dated mid-century red-brick building in the exclusive suburb of Kirribilli.&nbsp;

<a data-entity-type="file" data-entity-uuid="d329a7e8-497e-4b1a-b6c9-6e78f354a274" href="https://www.urban.com.au/new-apartments/20-22-waruda-street-kirribilli"><img alt="Render of the Kirribilli development " data-entity-type="file" data-entity-uuid="d329a7e8-497e-4b1a-b6c9-6e78f354a274" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-11-29%20at%203.37.27%20pm_0.png?VersionId=ezYClbqMXYNWeKKqOpGHwegV5EmoxJi_" /></a>Render of the Kirribilli development on Waruda St.

Taking up a prime corner site at 20 Waruda Street, the project will look to keep in with the surrounding 20th Century Art-Deco architecture, with the current building kept intact, restored to provide a modern facade, along with additional and extended floorspace.&nbsp;

Designed by Nettleton Tribe, a clearly defined two-storey base forms a podium which integrates the steep sloping topography of the site, along with defining the public domain and improving the streetscape character.&nbsp;

Seven whole-floor, three-bedroom apartments will be delivered across the project, with each residence generously proportioned, spanning 233 sqm.&nbsp;

Each of the apartments will feature solar panels, battery storage and EV chargers, making it one of the first sustainable high-density development, with next generation smart technologies set to be included as well.&nbsp;

Oriented and designed to maximise on the sweeping southern views, each residence will extend to expansive balconies which take in the Sydney Harbour, The Opera House, the Sydney CBD and the Harbour Bridge.

“This size of apartments, together with their quality and sustainable characteristics, is rare and as a result, will add further to the product diversity in this precinct, supporting identified demand,” Nettleton Tribe said in their application plans.&nbsp;

<a data-entity-type="file" data-entity-uuid="dc17336a-9ef1-4602-a8b8-ffc3b1668506" href="https://www.urban.com.au/new-apartments/20-22-waruda-street-kirribilli"><img alt="Render of the Kirribilli development on Waruda St with views to Sydney Harbour" data-entity-type="file" data-entity-uuid="dc17336a-9ef1-4602-a8b8-ffc3b1668506" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-11-29%20at%203.38.02%20pm.png?VersionId=6JoptRSu7MVN37727qVvKSz9Hr8idYB5" /></a>Render of the Kirribilli development on Waruda St with views to Sydney Harbour.

“Demand for large three-bedroom-plus apartments, to replace impressive family homes, particularly from the Upper North Shore, is growing and market availability is rare and limited.”

“These apartments will fill this gap and add to apartment diversity within the immediate area.”

The proposed architectural language, being conscious of the sensitivities within the Heritage Conservation Area of Kirribilli, is contemporary with an emphasis on simple expression of forms and materials.

A layering of elements add texture and visual interest to the facade, while a considered palette creates a juxtaposition to the adjacent buildings.&nbsp;

Previously Stable developed The Burcham in Rosebery, the regeneration of the old Wrigley’s factory.

[smartcode_project_cta:default project_id=136999]

Stable, led by founding directors Ed Horton and Danny Flynn, have created a point of difference in the development space, looking to restore and redefine existing buildings and heritage properties

alisonwarters@gmail.com

First look: Stable Properties lodge plans for new Kirribilli apartments

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His heart has long been at Collaroy Beach but increasingly it appears Sea Eagles coach Des Hasler’s head is in Kirribilli.

The NRL legend, who played more than 300 first grade games including two premiership wins, bought a two-bedroom Federation-style harbourfront apartment in Kirribilli for $3.1 million.

Agent chatter on the lower north shore cannot confirm if Hasler and his wife Christine will leave behind the northern beaches home they have lived in since 2014 to downsize in Kirribilli.

But one thing is certain, the harbourside suburb is an attractive investment for the footy coach.

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Hasler bought a five-bedroom Victorian terrace in prestigious Carabella St, Kirribilli in December 2014 for $5.01 million and flipped it 18 months later after a thorough renovation for $6.2 million.

His latest investment in Holbrook Ave is in the 1918 boutique block The Walder and features high ceilings, oak floorboards and a bay window overlooking the harbour across to the eastern suburbs.

But it is unlikely Hasler will leave behind his long-term home right on the sand at Collaroy Beach, a postcode he shares with fellow NRL legends Matty Johns and Greg “Brandy” Alexander, and which is nice and close to the Sea Eagles training grounds.

Hasler bought the beach house in 2014 for $2.82 million and built up a retaining wall, which has allowed the home to survive storms.

 

 
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<a href="https://www.belleproperty.com/listings/889101/319-holbrook-avenue-kirribilli-nsw-2061/#&amp;gid=1&amp;pid=12"> </a>
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Manly Sea Eagles coach Des Hasler buys Kirribilli unit

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The images of Prime Minister Malcolm Turnbull and the French President Emmanuel Macron looked fantastique last week on the lawn at Kirribilli House.
But are taxpayers getting value for money, when these days the home is used principably for dinners and press conferences?
With views of the Harbour Bridge and Opera House, both Kirribilli House and the neighbouring Admiralty House, there for the Governor-General's pleasure, rank among the city's most prestigious real estate. 
The Gothic Revival residence has been the Prime Minister's Sydney home since the 1930s, but I'd suggest Treasurer Scott Morrison's budget tonight ought signal one or maybe both homes should be sold. Let them just entertain in Canberra at The Lodge and Government House.
It was last flagged in 2004 when the then Federal Opposition leader Mark Latham foreshadowed that he would sell the harbourside mansion.
John and Janette Howard stayed put.
At the time it elicited speculation it could fetch around $50 million which would be handy revenue, but more importantly send a stocktaking message.
Even had Malcolm and Lucy opted to downsize from their Point Piper harbour front, the question still needs to be asked.
While it might not go down well with those who politicians who like icons, the Federal Government should not be Sydney-centric.
This article first appeared in The Sunday Telegraph. 
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Icon homes ought be considered for government selloff at Kirribilli 

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The Kirribilli apartment of the MAFS star Cameron Merchant, was sold post-auction earlier this month. 
The one bedroom had been passed in at $875,000 at its lacklustre June auction.
Merchant, who is still with his now-pregnant wife from the Channel Nine show Jules Robinson, got just the two bids.
Jordan Black and Nigel Mukhi, from DiJones Chatswood, had the listing.
Their discussions appeared serious as he stared down the prospect of a serious loss on his investment.
Negotiations continued for 80 minutes after the auction.
The pair married properly after the 2018 series concluded.
Merchant bought the property for $941,000 in 2017, before he took part in the Channel Nine experimental show.
At the time he was working for cricket bat brand Spartan and was playing first grade cricket for Manly.
He was expecting to make a loss on the one bedroom Fitzroy Street unit, with around $900,000 being sought in its pre-auction price guidance. 
The mildly art deco Nottingham block has 12 units with its last one bedroom sale last December at $900,000.
The pair are said to be looking to upsize together.
Merchant also owns an investment apartment in Dee Why he bought for $720,000 in 2014.
This article was first published in the Sunday Telegraph. 
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Married at First Sight's Cameron Merchant sells Kirribilli apartment

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The Vestey home on the harbour at Kirribilli fetched $10.22 million when auctioned yesterday.
There were four bidders for one of the handful of freestanding homes with absolute waterfrontage in the lower north shore suburb.
It sold under the auction hammer after 49 years ownership having last traded at $66,000. 
The classic, but tired 1930s estate at <a href="https://www.belleproperty.com/buying/NSW/North-Shore-~-Lower/Kirribilli/House/8P3062-19-elamang-avenue-kirribilli-nsw-2061" target="_blank">19 Elamang Ave</a>, was knocked down to the bidder with the luck 8 bidding registration card, Michael and Louise Tang, who operate supermarkets in Papua New Guinea.
The couple, who own nearby, were the last to enter the bidding contest, at just over $10 million.
There had been a $7 million opening offer, and with a slow start the bidding flew once car dealer John Newell entered the fray at $7.6 million. Newell had been the last to lodge his bidding registration with what proved to be his unlucky bidding card, 1904.
Announced as on the market at $9.6 million, the 765 sqm property was offered following the death last October of Joyce Strong, née Vestey. 
She was the mother of the notorious Michael Telling, who died in 2010, and the grandmother of the 37 year old, Matthew. 
She was the daughter of the Hon Leonard Vestey, 1888-1954, the third son of 1st Baron Vestey. The Vestey family became one of the biggest butchery families in the world, built on the merits of cold-storage shipping. William, the first Lord Vestey, and his brother, Edmund set up an integrated business raising and killing their cattle on the cheap land in Australia and Latin America and shipping meat to Britain, where they developed a chain of butcher shops.
Dr Thomas Hugh Strong, her second husband, was with the United Nations food and agricultural organisation.
The property had been listed with a price guide of $9 million to $9.5 million through Belle Property agents Mark Jackson and Matthew Smythe. 
The last freestanding home on the Kirribilli strip traded nine years ago when money media personality Paul Clitheroe paid $7.75 million. 
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Vestey Kirribilli trophy home on the harbour sells above $10 million

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Tony Lowings, KFC's managing director for Australia and New Zealand, has listed a three bedroom Kirribilli apartment for sale. 
Its alfresco balcony, which can entertain 30 guests, has unobstructed views of the Harbour Bridge and Opera House. 
<a href="https://www.realestate.com.au/property-unit-nsw-kirribilli-123088582">Raine &amp; Horne North Sydney agent Gill Somers and Todd Houghton</a> have the Upper Pitt Street investment offering for August 6 auction with a price guide of between $3.25 million and $3.5 million.
He loves his property - owing elsewhere on the north shore - having once worked at lendlease. 
Lowings has over 20 years international food experience including fast food chains, Pizza Hut and Taco Bell.
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KFC MD Tony Lowings lists Kirribilli three bedder

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Millionaire car dealer and horse breeder George Altomonte has sold his Kirribilli Grande apartment set on the foreshore opposite the Opera House.
Coming with a price guide of over $8 million, <a href="https://www.urban.com.au/property-observer" target="_blank">the three bedroom Kirribilli Avenue apartment</a> offers over 220 sqm of living space.
Altomonte paid $4.25 million for the apartment upon the building's completion in 2001 in a joint venture between the Waterhouse bookmaking family and Hong Kong billionaire Stanley Ho.
McGrath Northbridge agent David Howe initially listed the home in October last year with no success, however it only needed one day of its relisting to sell this week.
This article was first published in the Saturday Daily Telegraph.
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Horse breeder George Altomonte sells Kirribilli Grande apartment 

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Former Stockland Group CEO Matthew Quinn and wife Julie have listed their Kirribilli waterfront.
They've restored the<a href="https://www.realestate.com.au/property-house-nsw-kirribilli-124076478" target="_blank"> four level terrace</a> since paying $4 million in 2012.
The house had gone backwards in price, with the previous owner before the Quinn's paying $4.6 million in 2008.
A French provincial kitchen that opens to a rear terrace that offers uninterrupted harbour and Opera House views.
There are four bedrooms, five bathrooms, a teen retreat and a wine cellar.
McGrath Neutral Bay agent Nigel Mukhi has set a December 3 auction date with a price guide of $6 million to $6.6 million.
Quinn retired from Stockland Group in 2012 and it was reported he left a pay packet that reached $5.3 million in 2011.
He was one of the longest-serving chief executives in the property sector.
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Former Stockland boss Matthew Quinn lists in Kirribilli

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The former Stockland Group CEO Matthew Quinn and wife Julie have snappily sold their Kirribilli waterfront. 
McGrath Neutral Bay agent Nigel Mukhi had set a December 3 auction date with a price guide of $6 million to $6.6 million.
The couple restored the<a href="https://www.realestate.com.au/property-house-nsw-kirribilli-124076478" target="_blank"> four level terrace</a> since paying $4 million in 2012.
A French provincial kitchen that opens to a rear terrace that offers uninterrupted harbour and Opera House views.
There are four bedrooms, five bathrooms, a teen retreat and a wine cellar.
Now at Marshall Investments, Quinn retired from Stockland Group in 2012 as one of the longest-serving chief executives in the property sector.
This article appeared in the Sunday Telegraph.
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Matthew Quinn sells in Kirribilli in quick time

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Former Macquarie banker Sandy Lockhart and wife Susan have sold their Kirribilli waterfront.
Christie's International agents Ken Jacobs and Darren Curtis secured the sale having asked $8.5 million for the home upon its March listing.
The couple paid $7.2 million for the Susan Rothwell designed home in 2010.
It was built for John and Eve Molyneux who owned the historic Sunnyside next door.
They sold the home for $6.1 million in 2003 after its rebuild.
Set on 363 sqm, the <a href="https://www.realestate.com.au/sold/property-house-nsw-kirribilli-122177298" target="_blank">contemporary waterfront</a> has three bedrooms, five bathrooms, a climate-controlled walk-in wine cellar and a plunge pool.
There's a lift access to all levels and a shared jetty and berth. 
Lockhart is a founding partner of private equity manager Next Capital.
This article appeared in the Sunday Telegraph.
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