Sulman penthouse sells for $17m

A SYDNEY penthouse has sold for $17 million, to a Chinese investor who snapped it up for his uni student kids.

The penthouse has a separate kitchen for the rooftop garden and pool area. Picture: Adam Taylor

IT'S fitting that the sky palace, complete with Sydney's largest rooftop pool, is on College St, because it looks set to become a college hang out for some lucky students.

Originally tipped to be city's most expensive apartment if it had reached its whopping $20 million price tag when it listed five years ago, the Sulman penthouse in The Residence complex at Hyde Park sold to a Chinese investor who has adult children at university in Sydney.

The Sulman covers a total of 800sq m over two storeys, has three bedrooms, two car spaces, a temperature-controlled wine cellar, wraparound rooftop garden with a 20m private swimming pool and separate kitchen, plus sweeping views of the CBD and harbour.

According to selling agents CBRE, the strata fees alone for the apartment would cost about $100,000 a year. Yes, that's right, $100,000 a year.

There are two apartments still available in The Residence including the Archibald Penthouse which has a $16 million price tag.