Buyers snap up $42m of units in a week at rare inner city project
It was the first top-end apartment development on offer in the hot inner city suburb in 12 years, so of course savvy buyers were quick to pounce.
It was the first top-end apartment development on offer in the hot inner city suburb in 12 years, so of course savvy buyers were quick to pounce.
Agents selling apartments in the rare designer project Henri House, at 349 Liverpool St, Darlinghurst, have sold $42m worth of apartments in a week.
Of course downsizers were going to love the brand new seven-storey building, with views of the Bridge, Opera House and city.
Eight of the 13 apartments, a mix of two-bedders and three-bedders priced between $3.3m and $15m, were snapped up at last week’s VIP launch and the days following.
This reflected 65 per cent of the apartments.
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There’ll be just two apartments per floor, both north facing, with interiors by Studio McCue.
And also a communal rooftop terrace, with landscaping by Dangar Barin Smith.
“It’s a sign of confidence in the market for off-the-plan,” says lead agent Ben Stewart of Stewart Residential and CBRE.
“We’re definitely at the bottom of the market, with interest rates coming down and more cuts likely over the next 12 to 18 months.
“So now is a great opportunity to buy off the plan and settle in 18 months.”
The new build, a joint venture between premium property developer Abadeen Group and Phoenix Property Investors (PPI), replaces a 1960s block of 22 apartments.
The project was one of the last approved before City of Sydney reforms that make it more difficult to reduce the number of apartments on a site.
“New apartments like this in Darlinghurst and Potts Point should see real appreciation, with very few brand new developments approved,” Stewart said.
The executive chairman and founder of Abadeen, Justin Brown, concurs.
“This year has shown renewed confidence in the market, with strong demand for premium projects like Henri House,” Brown said.
“Henri House is a significant milestone for us—a joint venture between Abadeen and PPI. “It’s one of 11 joint venture projects currently underway with PPI across Sydney and Melbourne, reflecting our shared vision for delivering high-quality developments in key markets.”
The five apartments remaining are all three-bedders, circa 160sqm, priced from $8m.
The penthouse will be over 300sqm.
The display suite is located close by at 379 Liverpool St.
Originally published as Buyers snap up $42m of units in a week at rare inner city project
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