Billyard Avenue development offers Euro-style luxury on Sydney’s eastern harbourside
If you have the money to spend, then a new luxury development opposite trucking magnate Lindsay Fox’s Elizabeth Bay mansion might be the place for you.
Developers Pete Walsh of North East Corporation and Philippe Remond of P3 have embarked on an ambitious $180m development of European-style apartments on a site opposite one of Australia’s most glamorous houses – Boomerang, the magnificent Elizabeth Bay, Sydney waterfront mansion owned by billionaire trucking magnate Lindsay Fox.
Designed by SJB, the six-level “Billyard Avenue” project fronts 29 Billyard Ave.
It features four levels of half-floor, north-facing units plus a full-floor penthouse.
The half-floor units are priced from $15.995m, while the penthouse has an asking price of $32.5m through Brad Caldwell-Eyles and Julian Hasemer of 1st City Projects, and Jason Boon and Andrew Hoggett of Richardson & Wrench Elizabeth Bay.
The grand apartments feature fireplaces, butler’s pantries, and Gaggenau and Sub-Zero appliances. The apartments are either four or four-and-a-half bedrooms, and all have triple parking and storage.
The building is staffed by a concierge who looks after the block. The internal areas range in sizes from 360sq m to 400sq m.
Located adjacent to the Elizabeth Bay Marina, the apartments are expected to be completed by the second quarter of 2024.
Mr Caldwell-Eyles said the apartments would provide an ‘‘extravagant lifestyle’’ and he expected buyers to be cashed-up downsizers or serious upsizers.
“A lot of buyers will be getting out of serious houses, such as waterfronts in Elizabeth Bay or Point Piper, and a lot will have second homes, such as country homes in the NSW Southern Highlands or Palm Beach,” he said.
“Other buyers will be upsizers, people living in the area with substantial apartments looking to go up a level.
“Premium buyers are not relying on bank financing. If you put something in front of these buyers and it is something they really want that won’t be repeated, then a few percentage points (in interest rates) isn’t their concern.”
Mr Caldwell-Eyles said that the developers had purchased the land and demolition had commenced. They plan to sell the entire block of apartments.
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