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$9-Million Penthouse Sale In Sydney CBD

14-Oct-2015


One of the two penthouses at ONE30 Hyde Park has sold for more than $9-Million, while a contract is out on the remaining penthouse for an even higher price.

Both penthouses are two-levels with an internal lift, and have been designed to capture stunning views over Hyde Park to Sydney Harbour.

The sold penthouse is 322sqm (237sqm internally plus 85sqm balcony), and has three bedrooms, three bathrooms, and a family room that can double as a further bedroom or a sunroom. It was purchased in the name of an Australian-based company through Ecove, which is developing ONE30 Hyde Park jointly with the Aoyuan Property Group of Hong Kong.

The sales manager of Ecove, Louie Bechara, said 80 of the 140 apartments had sold. Remaining are:

  • One-bedrooms from $1,068,000
  • Two-bedrooms from $2,208,000, and
  • Three-bedroom from $3,128,000.

One of the two-storey sub-penthouse is also on the market, for $8.2-Million.

“We have had strong overseas interest generally but the vast majority of sales have been to locals,” said Mr Bechara. “Not surprisingly, most demand has been for the north-facing apartments from level 15 upwards, which is where the water views really kick in.”

Designed by Bates Smart, the 38-level building at 130 Elizabeth Street promises to offer the most opulent apartments yet developed in the CBD.

“Elizabeth Street is acknowledged as Sydney’s dress circle, and this corner site is probably the finest fronting Hyde Park,” said Mr Bechara.

“People are excited by the prospect of living on the edge of Hyde Park, surrounded by internationally-renowned restaurants, shopping and facilities, and enjoying all the convenience of a prestigious CBD lifestyle.

“Business people have been prominent, enticed by the opportunity to live close to where they work – all the while knowing that capital growth of ‘blue chip’ buildings in exclusive locations is more pronounced than any other form of residential property.”

ONE30 HYDE Park is a return to style, elegance and comfort, using traditional, precious materials – but in a progressive way. The interiors are timeless, capturing the spirit and sophistication of those grand London and New York buildings that front the city’s major public park.

“We are creating a building that does justice to our landmark site on the edge of Sydney’s most beautiful public park,” said Sue Ballesty, Marketing Manager of Ecove.

“From the moment residents walk into the grand sandstone and marble foyer and are greeted by a concierge they will experience gracious living. Then when they reach their apartment they will gain views that are among the best the city can offer.”

The 140 apartments at ONE30 Hyde Park are more like ‘residences’, with world class fixtures, fittings and features. Interiors are a modern interpretation of the luxury and style found in grand early 20th Century properties.

Kitchens have Gaggenau appliances (gas cooktop, electric oven, rangehood, microwave, fully integrated dishwasher). Many have an integrated refrigerator and marble benchtops and splashbacks.

All of the master ensuites in the larger apartments have a lavish salon feel with a freestanding bath and marble-clad walls.

Demolition of the existing building is scheduled to start in February. As part of the development, Aoyuan and Ecove will create a prestigious entry to Museum Railway Station on their site.

ONE30 Hyde Park is being sold through Ecove. A display suite has been built on the 16th floor at 130 Elizabeth Street. For private viewings call 1300 88 20 88 or www.one30hydepark.com.au

 

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The developers

Aoyuan Property Group is one of the world’s largest property developers, with a land bank of more than 11-million square metres. It is publicly listed on the Hong Kong Stock Exchange. ONE30 Hyde Park is its first Australian enterprise, so Aoyuan Property Group sought out Ecove because of its local know-how and commitment to quality.

Ecove has risen to prominence through its four eye-catching apartment towers along Australia Avenue at Sydney Olympic Park. Australia Towers (24 levels, 216 apartments) was completed in 2012, ATII (25-storeys, 288 apartments) in March, 2015, and One Australia Avenue (30-levels, 320 apartments) has just settled. Opal Tower (33-levels, 369 apartments) is the final and most prominent of the buildings, with construction scheduled to start before year’s end. When completed by late 2017 Ecove would have developed more than 1,200 apartments and shops at Sydney Olympic Park, transforming the sporting precinct into a vibrant, fully functioning residential suburb.

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Released by:      Ecove, Cnr Australia & Herb Elliott Ave, Sydney Olympic Park

Contacts:            Sue Ballesty, Marketing Manager, on 1300 88 20 88, 0424 509 962

Prepared by:     Barry Hyland of PR Plus, Level 1, 272 Pacific Hwy, Crows Nest 2065 on

 


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