Baranga­roo pent­house to fetch $10.5m-plus

The Weekend Australian - Life - - PROPERTY - LISA ALLEN

As apart­ment re­sales at Syd­ney’s wa­ter­front Baranga­roo com­plex, on the city’s Dar­ling Har­bour, con­tinue to per­form strongly, high-pro­file Swiss hedge-fund man­ager Ben Melk­man has opted to list the lux­ury two-level pent­house he pur­chased at the An­dara com­plex two years ago.

The Geneva-based Melk­man, a se­nior trader and part­ner at Bre­van Howard In­vest­ment Prod­ucts, is sell­ing the pent­house he pur­chased for $10.5 mil­lion be­cause he is spend­ing so lit­tle time in Syd­ney, McGrath mar­ket­ing agent Hamish Robert­son says.

In a rare test of ap­petite for ul­tra-lux­ury apart­ments, the two-level con­tem­po­rary-style pent­house at 15 Baranga­roo Av­enue, which has never been oc­cu­pied, is ex­pected to fetch well above what Melk­man paid, Robert­son says. The four-bed­room, four-bath­room pent­house sports 270sq m of in­ter­nal space plus a 290sq m ter­race. It has a three-car lockup garage and oc­cu­pies lev­els nine and 10 of the An­dara com­plex in Baranga­roo South, over­look­ing Dar­ling Har­bour. In­te­ri­ors are by Bur­ley Ka­ton Hal­l­i­day.

Robert­son ex­pects a mix of buy­ers to show in­ter­est in the pent­house, which was de­vel­oped by Lend Lease,

and has no com­mon walls. The Anadara com­plex has 82 apart­ments in­clud­ing the two-level pent­house known as The Cloud.

When the smaller apart­ments were first put to the mar­ket sev­eral years ago 60sq m units were priced at about $1m, 100sq m two-bed­room flats were about $2m and the three-bed­ders start­ing at 130sq m were priced at about $3m.

The pent­house’s Cala­catta-mar­ble kitchen fea­tures Miele and Lieb­herr ap­pli­ances from Ger­many and Switzer­land re­spec­tively.

Al­most 50 own­ers at Baranga­roo have so far pock­eted about $1m each in pre-tax prof­its by re­selling apart­ments at the pop­u­lar wa­ter­front devel­op­ment.

The sell­ing agents say in­fras­truc­ture in­clud­ing park­lands, restau­rants and cafes have sig­nif­i­cantly in­creased around Baranga­roo dur­ing the past two years.

Lend Lease is due to de­velop at least an­other 800 apart­ments in the Baranga­roo precinct.

Robert­son is mar­ket­ing the pent­house in con­junc­tion with LJ Hooker Dou­ble Bay li­censee Bill Malouf via an ex­pres­sions of in­ter­est cam­paign clos­ing May 25.

The pent­house is avail­able for view­ing from to­day.

The Anadara pent­house at 15 Baranga­roo Av­enue, Syd­ney

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.