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Former Ferrari chief smashes suburb record by $2m with beachfront pad

Former Ferrari chief smashes suburb record by $2m with beachfront pad

The garden apartment on Rose Bay beach was scheduled to go to auction on Saturday but sold beforehand for $13.5 million. 

Lucy Macken

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Rose Bay apartment owners have scored a new suburb high from which to hang their prospective high hopes after former Ferrari chief executive Herbert Appleroth sold his beachfront pad for $13.5 million.

The sale by The Agency’s Ben Collier and Atlas’ Michael Coombs was secured before last weekend’s planned auction and for more than the $13 million hopes.

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Original URL: https://www.afr.com/link/follow-20180101-p576x9