At a quarter of the cost of buying the $80 million Manly Wharf, this $24 million Bondi penthouse, which sits across the road from Icebergs, has rewritten the record books. The stunning waterfront property has smashed the previous suburb record of $21 million, which in turn raised Australia’s residential per square metre price by over $126,000. Yup, that’s right, this approximately 190 square metre apartment currently has the most expensive floor space in the country, all thanks to new owner Andrew Roberts. According to the Financial Review, the Multiplex heir sealed the deal in December last year. So, let’s take a look inside 3/8-10 Notts Avenue, Bondi Beach, or what Mr Roberts will now call home.
“Penthouse living in an iconic location overlooking Sydney’s most famous Beach,” alongside promises of “approx. 24m of uninterrupted Northerly views” as “one of only three apartments in this boutique complex,” the Raine & Horne listing said. And while it may not be as expensive as this record-smashing $26 Million Byron Bay Mega Mansion, the three-bedroom, four-bathroom apartment with concierge service and a magnificent 24-metre frontage that captures views of Bondi Beach and the Ben Buckler peninsula to the north offers luxury right in the heart of Sydney’s bustling Bondi suburb, where immediately across the road is the iconic Bondi Icebergs restaurant and ocean pool.
Going to and from the Bondi penthouse means Roberts will be loading up the private four-car garage with the finest motor vehicles in his collection. But if he happens to enjoy a walk from time to time, he’ll be in the perfect position with direct access to the Bondi-to-Bronte walk, right from Notts Avenue.
The Bondi Penthouse will likely see an upgrade soon since value-adding plans are already approved to “add powder rooms to the three bedrooms, along with the possibility of a 200 square metre rooftop terrace, pending council approval.” Unfortunately, since the sale is complete, we can’t access the virtual tours, DA-approved floor plans, artist impressions and videos of the existing Penthouse and building fit-out.
On top of smashing the Bondi suburb record and raising Australian residential square-metre prices, the purchase is also the largest auction sale for a single apartment, beating out the previous record of $20.1 million.
Martin Maskin, the founding member of Raine & Horne Bondi Beach & Double Bay, who served as the selling agent, acknowledged the record-breaking transaction to the Financial Review but declined to speak on the buyer due to a stringent confidentiality agreement.
What we do know is that the property last sold in 2006 for a measly $9 million, meaning the previous owner just raked in $15 million; that’s nearly a million dollary-doos in property earnings every year! Wouldn’t that be nice?