Woollahra

High-end property developer Fortis, who are creating striking projects across Sydney and Melbourne's bluechip suburbs, have launched their latest project.

Following the largest site amalgamations in the affluent suburb of Woollahra, Fortis has launched The Woollahra Collection, just 25 residences, a mix of apartments and terraces.

MHN Design Union have been appointed as the lead architects on the project, with landscaping by Wyer &amp; Co. The 1900s terrace interiors are being redesigned by local Phoebe Nicol. On offer will be a collection of two and three bedroom homes with north-facing gardens and secure car parking.

The buildings on the site date back to the late 1800s and early 1900s and will be architecturally restored as part of the $170 million project. Alongside the refurbished buildings, Woollahra Collection will also feature newly built luxury residences, comprising two, three and four-bedroom apartments.

<img alt="The Woollahra Collection" data-entity-type="file" data-entity-uuid="208f26cf-789c-4da0-9e83-96376985b301" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-11%20at%209.58.53%20am.png?VersionId=sCHfQq_qWqPA__nvwPnGpGoNqJhbcMgx" />

The interiors of the luxury new residences are being undertaken by Alexander &amp; Co. The new build will comprise north facing, two, three and four-bedroom residences with large entertaining areas and ample outdoor space.

Part of the project is the restoration of the&nbsp;1880s theatre, which will be restored by Mim Design and converted into a single trophy residence, with an expected end value of around $15 million. The interiors will be an ode to the historic grandeur of the original property, complete with its own basement, tunnel cellar, internal landscaped courtyards and pool.

<img alt="The 1880s Theatre" data-entity-type="file" data-entity-uuid="8dd2d4a2-2fa4-454d-9526-a73a497a2bfe" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-11%20at%209.58.14%20am.png?VersionId=HTcwoaXhABydNbLuTLPgNmfz7JsFKN1g" />

Fortis Director Charles Mellick said the team are&nbsp;grateful to the wider community for supporting us in our vision for this site.

"Our work at the nearby Pallas House Sydney and Gaden House demonstrates our commitment towards retaining Sydney’s architectural heritage, and we feel privileged to have the opportunity to lovingly restore and reinvigorate this site, bringing it back to life," Mellick says.

"We will be preserving the best architectural elements of the site for it to be enjoyed by future generations.

“This is the first time off the plan apartments of this scale are being offered in Woollahra, also marking the biggest sqm regeneration in this suburb."

Mellick says the&nbsp;aim is to be sympathetic to its heritage and context, ensuring that the existing buildings are restored.

"A new build on the site will feature a collection of premium apartments, bringing together unparalleled quality and premium amenities in a location where new residences are few and far between.”

<img alt="The Woollahra Collection" data-entity-type="file" data-entity-uuid="1852336b-55d0-4677-9427-8499a659c17c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-06%20at%206.35.05%20pm.png?VersionId=cko6xSV7hP3vvuWsuKTI6EDRVrGcsHCa" />

Fortis secured the 14 lots, now 2A James Street, for around $50 million, an amalgamation making a 3,500 sqm mega block.

Ben Stewart from Stewart Residential and CBRE is handling the sales.

&nbsp;

“There is a clear demand from buyers to secure well-designed homes in exclusive, tightly held Eastern suburbs - and Woollahra is no exception," Stewart says.

"Just two weeks ago CBRE launched a development 200 metres away (Robby Ingham's The Cambrian in Paddington) which sold out in five hours, which was due to the rarity of the offering and an overall lack of approvals for new developments in the area.

"We have already received an unprecedented level of early enquiries for Woollahra Collection, as the development offers an unrivalled combination of new build residences and terrace homes, fitted out with high-end finishes by an acclaimed design team, all on the doorstep of the Queen Street shopping village."

Construction of The Woollahra Collection is expected to be completed by Q4 of 2024.

[smartcode_project_cta:default project_id=138969]

MHN Design Union have been appointed as the lead architects on the project, with landscaping by Wyer & Co


alisonwarters@gmail.com

Fortis launch The Woollahra Collection

A $7.55 million three bedroom Woollahra penthouse sale topped weekend auction apartment sales.

CoreLogic calculated there was a 71 percent success rate from the nation's 688 weekend apartment offerings, as compared to 81 percent for the 2206 houses that went under the hammer.

The 3/19 Rosemont Ave, Woollahra offering sold auction eve last Friday after a $5.8 million offer lobbed with the listing agent Ben Collier at The Agency.

The auction was brought forward with Collier taking the phone bids for the Hong Kong based vendors.

The Young family had paid $3.3 million in 2014 for the top floor apartment sitting under a mansard style roof. 

The triplex was developer by the Michael Hannan, the former executive chairman of the family led IPMG publishing group.

Melbourne's top apartment sale was a five bedroom, two storey townhouse at Black Rock.

The 1B Third Street duplex was sold by 11 North Property for $2.61 million.

The property had previously been three single storey, three bedroom villas.

Close to Black Rock village, the near new townhouse had high ceilings, large windows and timber floors. 

It's pre-auction price guide had been $2 million to $2.2 million based on recent comparable sales advised as $2 million at 13a Florida Ave, Beaumaris and 4b Bolton St, Beaumaris.

The offering sold auction eve last Friday after a $5.8 million offer lobbed with the listing agent Ben Collier at The Agency.



jchancellor

$7.55 million Woollahra apartment sale topped weekend results

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Having been recently commuting back and forth from Melbourne, hospitality industry leader Brett Sergeant and his German wife, Iris Grosse-Kleimann are selling Maroomba, their former Woollahra home.
They’re seeking $8.25 million for the four bedroom heritage-listed home that dates back to the 1890s.
The couple paid $3.4 million in 2014 and have since renovated the home to have 320 sqm of internal living space.
There’s a landscaped garden with outdoor kitchen, and a whole entertaining level with cocktail bar and a custom designed wine cellar and tasting room.
Pillinger Double Bay agent Brad Pillinger has the Nelson Street listing.
Now the chief executive of Chris Morris’s Colonial Leisure Group, whose flagship venue is the Portsea Hotel, Sergeant left Merivale in 2016 after nine years when he was the chief operating officer.
His first job was as a glassie at AHL’s Mitcham Hotel.
Nelson Street’s most recent sale was when recruitment boss Phil Kerry and his wife, Anne-Maree, secured the 1880s Victorian Regency trophy mansion, Larissa for $8.5 million, having sold in Darling Point for $18 million to insurer Richard Enthoven.
This article first appeared in The Sunday Telegraph. 
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Former Merivale exec Brett Sergeant lists Woollahra mansion Maroomba

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The subdued price hopes of the Leckie family for their redundant Woollahra apartment have been realised with a small loss being taken.
The two-bedroom top-floor Queen St apartment was bought in 2016 for a bullish $1.2 million as a bolthole for Harry Leckie, the son of former high-profile TV executive David Leckie and wife Skye.
It sold midweek for $1.1 million.
On the bright side, buyers had been given a $990,000 guide and it was snapped up ahead of its June 6 auction through Alexander Phillips and Vince Licata at Phillips Pantzer Donnelley.
The 59sq m apartment is set on the second floor northeast corner with leafy views in The Alpha, a classic block of 12 which has its columned ­entrance on Alton St.
It was offered as a $775-a-week rental in 2018 when, after a stint at the Potts Point lifestyle concept store Becker Minty, Harry relocated to London to study interior design.
The block’s highest recent sale was the 59sq m unit directly below at $1.13 million last September.
Overall, Woollahra has a $1.04 ­median price for two-bedroom units, according to realestate.com.au.
 Its two-bedroom units have a $695-a-week median rent reflecting a 3.4 per cent rental yield. Based on five years of sales, Woollahra has experienced a compound growth rate of 5.7 per cent for units, which suggests the family overpaid on purchase.
This article was first published in the Sunday Telegraph. 
 
 
11/164 Queen Street, Woollahra, NSW 2025
 
 
 
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Leckie's Woollahra bolthole sells for $100,000 less than bought for

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Lisa Keighery, widow of Marcs founder Mark Keighery, has listed her Woollahra terrace.
It has $2.5 million to $2.6 million.
Keighery will move permanently to Palm Beach, where her $7.55 million Snapperman Beach has been recently renovated.
Keighery bought the Junction Street terrace for $2.21 million in 2017.
It was when she was trading down from her former home opposite the Lough Playing Fields which sold for $4.2 million.
The last sale on Junction Street was $2.5 million last December. It has barely gone up on its $2.39 million sale in 2017.
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j.ballantyne1990-6AQqhLzZaK

Lisa Keighery lists Woollahra terrace

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Radio star Jackie O Henderson has spent $11 million on the Woollahra residence Cooper Park House.
The designer Belle magazine featured residence was only on the market for three days before the KIIS FM breakfast host bought it from high-profile stockbroker Angus Aitken and his wife Sarah.
<div class="in-content-ad">
<div id="adspot-1x1-pos-5" class="ad" data-google-query-id="CPP-s_jXmOoCFceMcAodhPsOQQ">
<div id="google_ads_iframe_/31694718/domain.com.au/news/prestige_3__container__">It had a $10 million guide when its marketing was launched on Friday publicly but buyers have been shown through <a href="https://www.realestate.com.au/sold/property-house-nsw-woollahra-133796210" target="_blank">the Edward Street home</a> over the past few weeks.</div>
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<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/6/24/Jackie%202.jpg" alt=""></div>
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<div>Cooper Park House is a split-level house featuring soaring six-metre ceilings in the central living area.</div>
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<div>It overlooks the leafy park.</div>
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<div>The house has interiors by designer Sarah Davison with a garden designed by Myles Baldwin.
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<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/6/24/Jackie%201.jpg" alt=""></div>
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<div>It was built seven years ago at an estimated $5 million construction cost.</div>
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<div class="in-content-ad">
Henderson is moving from Vaucluse, where she and her estranged husband Lee Henderson sold their Cambridge Avenue home for $6.675 million in March following their split in 2018.
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Jackie O Henderson spends $11 million on Woollahra trophy home

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Sydney in the 60s, Melbourne in the 40s, the weekend winter auctions remain in a holding pattern.
Sydney’s preliminary auction clearance rate sat at 63.5 per cent from 339 reported results.
There were 546 auctions for Saturday, 83 of which were withdrawn, including the Coogee bolthole (above) of champion horse trainer David Hayes.
Domain noted Sydney's top sale was a five-bedroom house at 356 Edgecliff Road, Woollahra, at $8.1 million.
There were four registered bidders.
There were 510 auctions scheduled in Melbourne on Saturday<span data-sheets-value='{"1":2,"2":"$881,369"}' data-sheets-userformat='{"2":15359,"3":[null,2,"\"$\"#,##0",1],"4":[null,2,15922679],"5":{"1":[{"1":2,"2":0,"5":[null,2,16777215]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"6":{"1":[{"1":2,"2":0,"5":[null,2,16777215]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"7":{"1":[{"1":2,"2":0,"5":[null,2,16777215]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"8":{"1":[{"1":2,"2":0,"5":[null,2,16777215]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":1,"11":0,"12":0,"14":[null,2,0],"15":"Arial","16":8}'>.
Domain calculated a preliminary clearance rate of 45.4 per cent from 229 reported results.
Some 203 auction properties were withdrawn, due to the COVID-19 public auction ban. 
Of the online auctions that did go ahead, the preliminary clearance rate was 83 per cent.
The top sale in Melbourne was $3,675,000 when 16 Rushall Crescent, Fitzroy North was sold pre-auction.
It last sold at $2.91 million in 2016.
The REIV reported Glen Waverley led the auction market in the first six months of 2020 with 109 sales, followed by Craigieburn (104) and Reservoir (101). Croydon North is the top clearance rate suburb, selling all 12 auction listings.
The weekend's cheapest sale was in Sydney when 9/20-22 Speed St, Liverpool was sold for $286,000.
<img src="https://www.urban.com.au/images/2020/7/27/CL%20July%2027.JPG" alt="">
CoreLogic saw similar results albeit with higher preliminary clearance rates as seen above.
They found clearance rates were down on this time last year where they reached above 70% for both Sydney and Melbourne.
Notably Canberra has seen both an increase in auction volume and clearance rate compared to last year.
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Sydney in the 60s, Melbourne in the 40s, the weekend winter auctions remain in a holding pattern.

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A trophy home in Woollahra, designed by architect Nick Tobias, has come onto the market.
Located on Victoria Avenue, the property features four bedrooms, two bathrooms, a rooftop garden, and a lockup garage.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/5/Woollahra%203.jpg" alt="">
The block comprises 163 square metres, while the three storey house has 180 square metres of internal floorspace.
Built in 2006, the home last sold in 2014 for $2.74 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/5/Woollahra%202.jpg" alt="">
Woollahra's median house price is $3.2 million.
Alexander Phillips and Vince Licata, from PPD Real Estate, have the listing.
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jrobinson-rf4aSBido9

Woollahra trophy home designed by Nick Tobias listed

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The Bayside family has bought the Woollahra pub, The Light Brigade Hotel, for about $9 million.
It comes two months after they sold the Newport Arms to Justin Hemmes.
"When we sold the Newport Arms, we did so knowing that it would not only serve as a chapter in our family's history in the hotel industry closing, but equally, would serve as a precursor to the next chapter; a new chapter," hotelier Kaine Bayfield told the Australian Financial Review.
Ray White Hotels' Andrew Jolliffe and Joel Fisher brokered the deal on behalf of Haritos Hotels ending an eight-year association with the hotel.
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jchancellor-FAypfDUnLy

Light Brigade Hotel, Woollahra sold

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Woollahra Council has made an eleventh hour attempt to avoid the proposed merger with Randwick and Waverley municipalities.
It had told the Local Government Boundaries Commission of inquiry it was best suited to instead merge with the City of Sydney should the State Government insist on forced amalgamations.
"While our communities are against being forced, if the government is hell bent then the majority of my councillors support a merger with city of sydney as opposed to this government proposal of a merger with Randwick and Waverley where there is no community of interest or synergy," the Woollahra mayor, Councillor Toni Zeltzer said yesterday.
"We are of the view that City of Sydney would protect what we value most, better than Randwick and Waverley.
"Like City of Sydney we are a habourside council not a coastal council.
"We value our trees and our heritage just like they do.
"We have legible, discernable precincts just like they do at Sydney.
"Waverley on the other hand has a highrise belt in Bondi Junction, Bondi Beach on the coast and everything in between is a homogenised mess with little legiblity or precinct character."
Another key reason was to see the emergence of a strong heritage Oxford Street shopping precinct in response to international shopping tourism trends.
It currently has both Sydney and Woollahra control.
Woollahra have previously refrained from nominating any merger preferences in its submissions to the State Government because the IPART report provided confirmation that the amalgamation of Woollahra Council with neighbouring councils would result in a significant net cost to the Woollahra community. 
"It makes better sense to leave Woollahra Council well alone,” the Woollahra mayor, Councillor Toni Zeltzer has long said.
But on 18 December the NSW Government released its plan for Woollahra Council to be merged with Randwick and Waverley Councils to form a new eastern suburbs council.
Passing on the Global City Council, the state government agreed the City of Sydney had sufficient scale and capacity to remain a stand-alone council without any boundary changes. 
The likely to be displaced Woollahra community have until 28 February to lodge submissions on the merger plan with the Government’s appointed delegate, Dr Robert Lang, as part of the public inquiry into the merger.
"The vast majority - some 80% - have told us loud and clear that they don’t want to merge with Randwick and Waverley," said Woollahra mayor, Councillor Toni Zeltzer.
Woollahra Council has waged a campaign to stay as a stand-alone council, while Randwick and Waverley have volunteered to merge.
The possibility that Woollahra ratepayers would pay up to $17 million more in annual rates under an amalgamation with Waverley and Randwick Councils due to high land values in Woollahra has been a key issue.
Woollahra’s average residential property value of $1.061 million is 1.7 times more than Waverley’s average of $620,000 and 2.2 times more than Randwick’s $477,000 average residential property value. 
It has volunteered to fund an assessment of the cost benefit of any merger with the City of Sydney.
The City of Sydney was excluded from amalgamations although an initial ILGRP report recommended an amalgamation of Botany Bay, Randwick, Sydney, Waverley and Woollahra councils.
The City was forcibly amalgamated with South Sydney in 2004, which mayor Clover Moore said was enormously disruptive.
Under the Act, Dr Lang has been delegated the function of examining and reviewing the Minister’s proposal into the amalgamation of Randwick City, Waverley and Woollahra Municipal councils, taking into consideration the views of the public and the factors outlined within the Local Government Act through verbal and written submissions. 
Under the Act, consideration of other merger suggestions are not within the scope of Dr Lang’s delegated responsibilities.
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