8/95 Darling Point Road, Darling Point has views of the city skyline, harbour, Opera House and Bridge.
The Darling Point penthouse of the late real estate guru Samuel Punin — which has iconic harbour views — sold at auction last night for $7.25m.
Punin, who passed away recently in his 90s, ran SP Hilton agency in Bondi Road, Bondi, up until a few decades ago and is understood to have an estate worth a considerable amount thanks to his sales and rent-roll successes.
And his whole-floor apartment in the popular Torrington block at 8/95 Darling Point Road was a fine piece of real estate that sold midway between its $7m to $7.5m guide through 1st City agents Julian Hasemer and Brad Caldwell-Eyles, in conjunction with Paul Ephron of Ballard Property.
Punin had bought the three-bedroom, three-bathroom apartment with triple garage for $1,415,000 in 1992.
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It had cost $1,415,000 in 1992.
They’d had two registered parties.
With auctioneer Damien Cooley presiding at his Double Bay auction rooms, bidding opened with a $7.5m vendor bid.
Then buyer’s agent Simon Cohen countered with $7m.
Both parties split the difference, doing a deal on the floor.
And everyone seemed happy with the result. “Torrington is highly sought after — designed by the highly regarded architect and Mirvac founder, Henry Pollack, and built by Mirvac in their heyday in 1986,” Hasemer said.
“It’s solid and the apartments offer good floorplans with good amenities including sauna, spa and pool with beautiful gardens.
What a view!
“And the penthouse had a three-car garage with storage.”
Cohen, too, said his clients — an eastern suburbs couple — were rapt. “This is a standout penthouse apartment with iconic views,” he said.
Ist City have sold several other apartments in the block of eight and a townhouse.
These have included for the $2,615,000 sale property developer Michael Teplitsky’s two’bedder last September to entrepreneur and K2 Energy chairman Sam Gazal.
He’d sold his Bellevue Hill mansion for more than $6.5m last June.
And back in 2012, former model Margo Hogan and her husband, NY cosmetic surgeon Michael, had sold unit 4 for $3m to Thomas and Colleen Dagworthy.
OTHER RESULTS
23 Little Comber Street, Paddington, sold for $1,275,000 at last night’s auction.
Cooley had six auctions for his rooms last night, with five of them selling.
“The owner occupier market — which really relates to the house market — is strong,” Cooley said.
The other four sales were 23 Little Comber Street, Paddington, which went for $1,275,000 via Kim Jones and Rick Daniel of Snowden Jones; 77/177 Macleay Street, Potts Point sold for $735,000 via Capital Corporate Property’s Steven Rudman; 9/23 Greenoaks Avenue, Darling Point sold for $1.45m via Georgia Cleary and Alexandra Churchill of Bradfield Cleary, and 71 Holdsworth Street, Woollahra sold prior for an undisclosed sum above $4 million. The passed-in property was 2/7 Banksia Road, Bellevue Hill.
Cooley says the weekends either side of the October 3 long weekend will be huge for auctions.
GEORGIA’S BIG WEEK
4 Roslyndale Ave, Woollahra, sold for about $7.8m
Last night’s auctions capped off a big week of sales for Cleary. She’s sold seven properties in the past eight days, including 4 Roslyndale Avenue, Woollahra which sold for an undisclosed amount, believed to be about $7.8m.
The four-bedroom, four-bathroom home with double garage on a 660sqm block is right next door to the huge colonial Georgian residence Hawthornden on a 6,521 sqm block. No. 4 had passed in at its June 2 online auction
Her other sales were a deceased estate at 40 William Street, Double Bay, which sold for $2.9m — $500k above reserve; 9 Cascade Street, Paddington for $2,005k (10 per cent above reserve); 67 Holdsworth Street Woollahra for more than $4m off-market and 4 Harris Street, Paddington, sold within its price guide of $2.5m-$3m.
A $7.3M SALE
95 Moncur Street, Woollahra, sold for $1.1m more than its price guide.
Architect John Grove’s cutting-edge property at 95 Moncur Street, Woollahra has sold for $1.1m above its guide.
The Agency’s Ben Collier had been quoting $6.2m price guide ahead of a scheduled September 26 auction but it’s sold for $7.3m more than two weeks beforehand.
There’s no doubt this was a special residence. The four-bedroom, two-bathroom home with double garage had been widely applauded, winning the Woollahra Conservation Award in 2008 and the Australian Timber Design Award in 2009.
It also received a Residential Architecture Commendation in 2011.
Grove had purchased the 247sqm site for $2.32m in 2005. It’s in the heart of the Woollahra and Paddington Heritage Conservation zone, but the existing house was deemed of little heritage value so he was able to build “Woollahra House 11” in its place.
MARK HUGHES SELLS
1/40 Smith St, Surry Hills, sold for $105k above its price guide.
The Spice Traders warehouse apartment of one of Australia’s most respected art consultants, Mark Hughes, has sold for $1,305,000.
The 90 sqm two-bedroom apartment with garage parking at 1/40 Smith Street had been listed with BresicWhitney’s Shannan Whitney with a $1.2m guide ahead of an August 29 auction and it sold on the day.
Hughes spent more than a decade in New York including nine years as the Director of Galerie Lelong, established Mark Hughes Art Advisory in 2011 and works with individual collectors and corporate clients.
He’d bought the apartment for $800,000 in 2013.
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