‘Potts Point go­ing up’

The Sunday Telegraph (Sydney) - - REAL ESTATE -

A DAY af­ter launch­ing the Aus­tralian fran­chise of a US boot­camp with a cult fol­low

ing that in­cludes celebs like Kim Kar­dashian, West­mead­born 32-year-old He­ston Rus­sell bought a Potts Point apart­ment for $790,000.

“Potts Point is go­ing up, up, up … and we’d like to open up one of our stu­dios here,” the Barry’s Boot­camp head of op­er­a­tions said.

Laing and Sim­mons Potts Point agent Nuri Shik had six reg­is­ter to bid for the tiny 36 sqm one-bed­der at 501/19-33

Bayswa­ter Rd, all en­thused about the huge 96sqm north­fac­ing ter­race with city views.

But just four man­aged to get a bid in. Stand­ing with part­ner Blake Bridges, 29, Mr Rus­sell, who once worked with the mil­i­tary at Holswor­thy, opened the bid­ding at $650,000. $650 000 Bid­ding then rose quickly in $10,000 and $5000 in­cre­ments.

The re­sult was $40,000 above re­serve, a strong re­sult in which many prop­er­ties are pass­ing in or be­ing with­drawn be­fore auc­tion.

“It went over the re­serve so I’m happy,” said ven­dor Troy Wilkie, a pre­sen­ter on Lux­ury Homes Re­vealed on Chan­nel 9’s free-to-air Chan­nel 9 Life. He bought it for $400,000 $400 000 in 2014 and imm- imm edi­ately rolled out ar­ti­fi­cial lawn and pots with huge mag­no­lias on the ter­race.

“It had been like Soviet Rus­sia — with all the ter­ra­cotta tiles it was so bare, hot and aw­ful,” Mr Wilkie said.

He spent $150,000 on ren­o­va­tions. The cop­per piping and black paint cre­ated a “mas­cu­line” look. It had been the per­fect bach­e­lor pad for Mr Wilkie but then he met his girl­friend, Mag­dalena Ie­gowska, and they’ve moved to the in­ner west with their two greyhounds.

Mr He­ston and Mr Bridges love the fit-out. Mr He­ston de­clared it “per­fect” for them. “It’s the right blend of chic and sim­ple yet func­tional,” he said. The price was $10,000 over what they’d bud­geted for, “which wasn’t too much”.

The cou­ple met in Los An­ge­les last year when Mr Bridges worked at Barry’s Boot­camp in West Hol­ly­wood. “We de­cided to ac­quire the fran­chise rights to set up Barry’s Boot­camp in Aus­tralia,” Mr He­ston said.

News Corp on Fri­day re­vealed Barry’s will open stu­dios in Surry Hills, Martin Place and a third Syd­ney lo­ca­tion in Septem­ber, then in Mel­bourne early next year.

EAST Buy­ers He­ston Rus­sell and part­ner Blake Bridges cel­e­brate their Potts Point pur­chase, a 36sqm stu­dio for $790.000. Pic­ture: Jeremy Piper

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