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Kirribilli Penthouse Expected To Eclipse Sales Price Record

The Property Addict / Distinct Dwellings

Dec 17 2015

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A LUXURY Kirribilli penthouse unlike anything ever seen in the harbour-front suburb is expected to exceed Sydney's penthouse price record of $22 million. The two-level penthouse, which will have sweeping views of the Opera House and the Harbour Bridge, is one of only three residences in the iconic development known as Kirribilli Avenue, the first total rebuild in the exclusive heritage suburb in almost two decades. The rare offering is being developed by highly regarded Canberra-based developers Dan Bisa and Albert Bonansea, of BB2 Property, who have more than 30 years experience delivering premium projects. Director of Project Marketing at McGrath Estate Agents Steven Chen said he expected the world-class penthouse to sell for more than the existing record achieved at Bennelong Apartments, in Macquarie Street, earlier this year. "The collaborative team behind this vision has been specifically selected for their proven ability and expertise. The team includes renowned architect Alec Tzannes, responsible for designing many luxury homes including James Packer's former Vaucluse mansion and John Symond's Point Piper waterfront home," Mr Chen said. Mr Bisa said: "Kirribilli Avenue was the realisation of a desire to create a landmark building of the highest standard. This is a once-in-a-lifetime opportunity; the views and address are world class." Mr Bonansea said: "These residences will satisfy the most discerning buyer, with no expense spared and every design element carefully considered. North Sydney Council should be acknowledged for recognising and supporting our vision that will be a lasting addition to their harbour side location." The sub penthouse is expected to sell for more than $16 million and the garden residence in the order of $10 million. Construction at the old Cabana Apartments site, located at 106 Kirribilli Avenue, will commence late January 2016, with completion expected mid-2017. For further information www.kirribilliavenue.com Kirribilli_Bedroom Kirribilli_Bath_1

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