The Sell: Nick Kyrgios selling his Sydney bolthole
Tennis player Nick Kyrgios is selling his three-bedroom Sydney bolthole with a $1.8m guidance for its June 14 auction.
NSW
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Tennis player Nick Kyrgios is selling his three-bedroom Sydney bolthole.
The Kensington penthouse cost $1.6m in early 2022, the year he came closest to winning a major title when he was beaten by Novak Djokovic at Wimbledon.
Since its purchase in the tightly held 2006-built Capella complex, Kyrgios has renovated the kitchen, installed new flooring, and given it a fresh lick of paint.
The 130sq m Anzac Parade offering, with two car spaces, marketed as a “luxurious skyhome crowned with a huge rooftop entertainer’s terrace”, has $1.8m guidance for its June 14 auction through PPD agent Tristan Oddi.
But Kyrgios’s vendor agent Jack Henderson has higher hopes. Henderson, the former tradie turned property adviser who founded Henderson Buyers Agency in 2020, sees considerably more upside.
“Nick Kyrgios is about to become $600,000 richer thanks to the penthouse apartment we purchased him back in 2022,” Henderson posted to his 138,000 Instagram followers. He noted the apartment was an “extremely scarce” double-storey space with city views.
“Most people will tell you not to buy apartments for investments, that apartments are not great investments, but that is only true if you do not buy the right apartment,” Henderson advised.
“We bought the property for $1.6m plus stamp duty and costs at $64,000; spending a further $100,000 renovating for a grand total of $1.764m,” Henderson calculated.
“Nick didn’t have to hit one tennis ball to make these dollars,” Henderson added.
Kensington has seen just 16 three-bedroom apartment sales in the past year, according to PropTrack – at a $1,457,500 median.
Capella prices hit $2.25m in 2022 for a four bedroom apartment.
PRICE DROP FOR PICTURE-PERFECT PENTHOUSE
Departed Art Gallery of NSW boss Michael Brand and his wife Tina have adjusted their price expectations for their Ashdown, Elizabeth Bay apartment.
The revised auction price guide sits at $6.8m, down from the $8.2m guidance given when the listing hit the market in March.
It has so far attracted 4900 page views on realestate.com.au after 300 views on its first day online.
Its 295sq m space sits atop the P&O-style building designed by celebrated architect and exponent of European modernism Aaron Bolot in the late 1930s.
Its “who’s who” of past owners includes former Channel 9 newsreader Gina Boon, who sold in 2002 for $1.8m. Other past owners include sporting legend Jane Flemming and insolvency practitioner Ian Purchas; Gregory Freckmann, principal at Friends Home Care Nursing; Hey Felix founder Mark Day; and communications entrepreneur Wayne Burt.
The two-bedroom Elizabeth Bay Rd company title apartment, one of the first Sydney flats ever labelled a penthouse, offers an extensive alfresco terrace, with harbour views from above Beare Park, where Brand walks the couple’s staffy-boxer cross Frankie.
The couple has called it home since selling for $4.95m in Bellevue Hill in 2019.
There’s been no new job since Brand’s gallery directorship finished in March, but the whisper is they are off to Brisbane. There’s also talk he intends writing a book.
The art scholar had held the position since 2012 when he replaced art historian Edmund Capon.
The penthouse is being auctioned next week by Ian Campbell and Renee Cross at Ray White The Woollahra Group – Elizabeth Bay.
The Woollahra Group website proudly notes it “consistently ranks within the top one per cent” of the national Ray White group.
But word on Moncur St is that its business owner principal, Randall Kemp, has been contemplating departing the Ray White agency.
The unconfirmed mooted move could see him at the BresicWhitney agency, which lost much of its Woollahra-Paddington market share in early 2024 after estate agent Maclay Longhurst left for Sotheby’s International after 16 years at BresicWhitney. Both Kemp and BresicWhitney boss Thomas McGlynn declined to comment.
Meanwhile Longhurst, who secured 176 sales totalling about $504m in the 2024 Real Estate Business annual survey, recently spent $26.5m to purchase a home on one of Vaucluse’s best streets, Queens Ave.
Longhurst and his wife Jessie, who have just welcomed their first child, River, have bought the longtime abode of Maxine Brenner and Jodee Rich on delayed settlement terms.
Last year, Longhurst sold his three-bedroom, three-bathroom Woollahra terrace for $12m, having paid $8.3m in 2021 through Kemp.
SPECTACULAR GARDEN ESTATE REACHING FOR ‘MOON AND STARS’ SELLS FOR $4M
The award-winning Wentworth Falls estate, Pirramimma, has been sold by the Dillon family for $4.06m after two years on the market.
Set on 1.52ha, the Blue Mountains property encompasses gardens initiated five decades ago by the entertainer Reg Livermore, who named it Pirramimma, an Indigenous word for the moon and stars.
Livermore had purchased the site, which had been a kiosk with picnic grounds, in 1978 for $65,000. His gardens were created with the assistance of landscaper John Gaibor with a house designed by Michael Standley.
Livermore sold the cool climate estate in 2006 for $3m to the late hedge fund executive Matt Dillon who, after acquiring an adjoining property, engaged landscape architect Craig Burton and landscaper Michael Bates.
Their plans saw the creation of significant vistas, specialist garden areas, including wisteria terrace and elm lawn, water rills, an orchard, a gully of misted ferns, stone staircases and sandstone pathways, plus an amphitheatre and sculpture nooks.
It was selected for the State Library of NSW’s 2016 Grand Garden Design exhibition.
A residence, by Peter Stutchbury, was destroyed by fire in 2019, incurring $8m reported damage.
The trial of the man accused of starting the fire did not reach a conclusion as he died of cancer during proceedings.
The only dwelling on the property now is a guest studio with a small kitchenette, one bedroom, one bathroom. There is also a Japanese-style Tea House which can be used for meditation that overlooks the lake with jetty.
The Falls Rd holding was initially listed in early 2023 with its early 2024 price guidance given as $4.7m to $4.9m, which was trimmed by early this year to $4m to $4.4m.
Yarrabee retains its status as second priciest at Wentworth Falls, with the 1920 home built for jeweller William “Bill” Proud having sold for $2.95m in 2022.
SLINGSBY SWITCHES HOME PORT TO MOSMAN
Olympic gold medal laser sailor Tom Slingsby is crossing the harbour. The Rose Bay-based sailor has bought in Mosman, paying $8.7m for a two-level home, built in 2021.
It was selling for the third time in four years, having sold for $7.35m, when it was new in 2021, and then $7.75m in 2023.
The house has been updated by architect Michael McCormick since its last sale with a fifth bedroom becoming a second living area with adjoining office space.
An internal lift services both levels. The upstairs has four bedrooms.
There is a gas-heated pool in extensive tropical gardens, with the landscaping on the 555sq m block done by Adam Robinson Design.
Raine & Horne Mosman agents Andrew Bowden and Alex Molodykh secured the recent sale.
Slingsby has given his address as a modern three-bedroom New South Head Rd apartment in Rose Bay, just across the road from the water.
Slingsby is married to former Bachelor in Paradise contestant Helena Sauzier. Last year they had their first child, Leo.
Slingsby, who won the London Olympic gold medal in 2012, is currently chief executive of Australia SailGP Team.
His first successes came sailing laser dinghies in 2000 as a Koolewong junior.
The Wahroonga-born Slingsby flipped a home in Coal Point, near Lake Macquarie, in 2021. He had spent $1.95m on the waterfront in 2020, which he sold less than a year later for $2.85m.
CLEAR FANS OF FEDERATION FEATURES
Anchorage Capital Partners managing partner Ed Bostock and his wife Emma have returned to Sydney, emerging as the $19m buyers of the Double Bay trophy home, Toxteth.
The tightly-held 1890s Federation Filigree-style mansion sits on an 800sq m Ocean Ave holding near the shopping village. It had reported $28m expectations last August.
It features extensive intact period details including seven marble fireplaces, 4m-high ornate ceilings and intricate stained-glass windows.
There are five bedrooms, a home theatre room and a library.
The Bostock’s have a passion for restored Federation homes as when they lived in Perth’s Cottesloe they had a 1910 Federation home bought for $5.5m.
After Bostock left his job as Wesfarmers Health’s chief financial officer, it was sold for $8.55m last June.
The couple had moved to Perth after residing in their Federation home in Centennial Park which they sold in 2019 for $13m to retired colonel Andrew MacNab and his wife Melanie.
That Lang Rd home, after a redesign by Luigi Rosselli, was sold again in 2022 for $20.5m.
Prior to joining the Anchorage buyout firm, Bostock had led private equity teams and investments at KKR and Pacific Equity Partners.
KICKING OFF NEW CHAPTER
Sydney Football Club captain Rhyan Grant and partner Dani State are upsizing from their two-bedroom, one-bathroom North Bondi apartment, which will be auctioned on June 19.
There are $1.65m hopes for the Military Rd split-level garden apartment with 140sq m indoor/outdoor space.
It last sold in 2022 for $1.73m with a better ocean glimpse through shrubbery.
The 1930s company title block comes with five units.
PRIZE HOME IN POWER ENCLAVE
Solicitor John Landerer and wife Michelle have sold their Spanish mission-style Vaucluse trophy home for about $22m through Sotheby’s Michael Pallier.
The five-bedroom, three-bathroom Coolong Rd property had been bought for $18m in June 2022 from Charles and Kate Fairfax, who had paid $14.95m for it in 2021.
The non-waterfront 1083sq m property was offered with approved plans for a new $4,549,265 residence.
CLEVER FITOUT IN NEWTOWN
A Newtown apartment fetched $780,000 last weekend when sold by local agent Danil Saveliev after its fitout by Nicholas Gurney, who has long had a reputation as a small space design specialist.
There were four bidders for the 37sq m Darley St apartment with 10sq m decking and a 14sq m car space.
It had been sold in 2021 for $630,665 by developer Philippe Remond.
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