$50M sale of four properties on Wolseley,
A $50 million deal for four homes is approaching on Australia’s richest street, creating excitement among buyers and investors alike.
The four units, located at a single address in Point Piper, are being offered together as a potential trophy home.
Alternatively, they could serve as a prime development site for luxury living.
These apartments are situated on Wolseley Road, a street renowned for consistently breaking price records in the Australian market.
Moreover, it’s home to Australia’s most expensive property, which highlights its prestige and desirability.
Each unit boasts breathtaking views that are postcard-worthy, showcasing Sydney’s stunning landscape.
In addition, the site occupies a prime position overlooking the bobbing yachts in the harbour and the iconic Sydney Harbour Bridge.
Importantly, it does not have a heritage overlay, allowing for greater development flexibility.
The lead agent, Marcus Botté from The Rubinstein Group, is currently conducting an expressions of interest campaign.
He anticipates price expectations to exceed $50 million, reflecting the property’s exceptional value.
“This is an absolute blue-chip masterpiece situated in the world’s best street,” the listing proudly states.
Consequently, it is considered an ideal opportunity for a premier Point Piper trophy home or a luxurious multi-unit development.
Furthermore, the property features incredible, unobstructed panoramic views of Sydney Harbour from all three levels.
It also includes a large garden, enhancing its appeal for both families and investors.
The interiors of the apartments exude an era of elegance, complete with chandeliers and fine joinery.
Additionally, decorative ceilings and fireplaces add to the property’s charm and sophistication.
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The listing represents a rare opportunity to acquire a block on Wolseley Road.
Domain data indicates that the last house sold in this area was in March of this year.
However, several apartments have changed hands since that time, highlighting ongoing interest in the location.
“This could be the final significant house-sized sale on the prime side of Wolseley Road,” experts suggest.
Moreover, existing owners on this prestigious street are deeply entrenched, showing no desire to sell at any price.
Point Piper is notable for having the three most expensive sales in Australian real estate history.
These remarkable deals include properties valued at $130 million, $100 million, and $95 million, showcasing the suburb’s luxury market.
Interestingly, the area is poised for another record with the listing of businessman John Symonds’ $200 million waterfront estate, Windagal.
Wolseley Road runs behind Symonds’ estate, which boasts nearly 100 metres of stunning harbour frontage.
Additionally, it offers breathtaking vistas of both the Harbour Bridge and the iconic Opera House, enhancing its desirability.
