The deal with RealX will provide the Land Broker Co-op’s 16,000 agents with a platform where they can connect directly to companies interested in leasing property rights.
The deal with RealX will provide the Land Broker Co-op’s 16,000 agents with a platform where they can connect directly to companies interested in leasing property rights.
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It was drinks all round at the Point Piper home of pub baron and former lord mayor Nelson Meers last night with the sale of his harbourside apartment for $18m.
Meers — who’d bought the Belmore Hotel for about $50m late last year and also owned the Grand Hotel in Rockdale, the Oasis on Beamish at Campsie and the Hurstville Ritz — and his wife, Carole, had listed the luxury apartment at 4/6 Buckhurst Avenue in July.
Selling agents Bill Malouf and Margaret Morosi of LJ Hooker Double Bay had no comment about the sale when contacted by the Wentworth Courier, which had featured the property as an apartment of the week when it was first listed in July.
But the listing disappeared from property portals yesterday and sources confirmed it sold for exactly $18m and the purchasers of the four-bedroom, four-bathroom apartment were eastern suburbs downsizers.
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Nelson and Carole Meers had paid $16m three years ago, purchasing it from property magnate John Roth — who’d inherited part of a family fortune worth about $320 million — and his wife Jillian Segal.
Architect Alex Popov had drawn up the original plans for the transformation of the original 14-unit block into six whole-floor apartments about a decade ago, but didn’t supervise its construction.
The agents advised a “high teens” guide at the time of listing, with no direct comparables.
Malouf had pointed to the $20m deal on an apartment in nearby Wolseley Road in 2018, when property developer Phillip George and his wife, Jane, sold to University of Sydney chancellor Belinda Hutchinson.
And that didn’t have views of the Bridge and Opera House.
“I consider this one of the best waterfront apartments in the eastern suburbs,” Malouf had said.
“It’s an opportunity for a penthouse-style apartment with beach access and views of the Opera House and Harbour Bridge.”
The apartment is huge, measuring 449sq m with terraces.
There are views of boats bobbing about in the harbour in the foreground and the Opera House and the Harbour Bridge beyond.
And when you walk into your kitchen, TV room, and the deck off the living and dining room — that same iconic view is still right there in your face.
The reconfiguration has allowed a large open-plan entertainment space with a Jetmaster fireplace.
Just one of the attractions is an innovative glass-fronted wintergarden, which can be opened to the elements in the warmer months.
The new downsizer owners will love the direct internal lift access. Doors also open to the private four-car garage.
And there’s a temperature-controlled wine cellar. The owners share an infinity pool at the water’s edge.
Nelson Meers was Sydney’s lord mayor from 1978-1980, practised for many years as a commercial and defamation lawyer, and in 2005 was made an Officer of the Order of Australia for service to the community.
Meers is also famous for founding the private philanthropic arts Nelson Meers Foundation, which is run by his daughter Samantha Meers.
The post Pub baron and former Sydney lord mayor Nelson Meers sells in Point Piper for $18m appeared first on realestate.com.au.
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