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$27 million ticket to the Opera sets new national record

The Property Addict / Luxury Lifestyle

Nov 21 2016

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Uninterrupted harbour views normally reserved for guests in Sydney's waterfront five star hotels will soon be an everyday pleasure for the residents of Opera Residences, Macrolink Landream's new luxury apartment development on Bennelong Point. Launched last week, Opera is the first new residential development in over 20 years at Bennelong Point, and buyers were quick to act with all 104 apartments sold in excess of $500 million. After a penthouse sold for a record-breaking $26 million, just 3 days later another sold for $27 million or $95,500 per square metre, setting a new national benchmark for prestige apartments. "Opera Residences inhabits Sydney's, if not Australia's, rarest land," says CBRE Residential Projects Director Tim Rees. urb007_v06_west-penthouse_living "For nearly 25 years, no buyers have been able to purchase a freehold residential residence "Ë?off the plan' in this incredible, world famous location " and it's highly likely this buying opportunity will never be repeated," Mr Rees says. "Due to scarcity in that premium location and the stunning design of Opera Residences we're not surprised at how fast it sold." Sitting alongside the 1930s British Medical Association building and the elegant Astor apartment building on Macquarie St, Opera Residences has been designed to compliment the historic stretch leading down to the Harbour. Designed by TZANNES Architects, in collaboration with executive architects Crone Partners, the building's glass and stone faà §ade draws inspiration from the ebb and flow of the harbour. Inside, curved walls evoke Sydney Opera House white sails, with every room and entrance channelling through to the views. v14_winter-garden Thanks to careful and precise arrangement of rooms, windows and terraces "that view" is prominent throughout Opera's entrance lobby and private residences. The 20-storey tower's one, two and three bedroom apartments and penthouses all contain light-filled and spacious living areas, entertainer kitchens, large bedrooms with walk-in robes and elegant bathrooms. Interior designer Make use marble, travertine, elegant parquetry timbers and inlaid Flemish copper finishes throughout the apartments to create a sense of glamour and comfort. When not enjoying the view, Opera's residents can relax in the private lounge or use the pool, spa or gym. With a wine store and 24-hour concierge service, residents will have all their needs and wants met on demand. Comparing the location to Manhattan's 5th Avenue and London's Belgravia, Tim Rees says the project attracted international interest but it was largely local owner occupiers that bought in last week. v10_living-to-view "Sales turnover on Bennelong Point is less than 2% per annum and falling," Mr Rees notes. "Once existing owners sell they know they cannot buy back in at anywhere near the same value. Like all rare things, these residences will likely be passed down to future generations." Construction will commence mid 2017 with completion expected in 2020. For more information see www.operaresidences.com.au v17_exterior-detail v09_living-kitchen v08_cutaway_crop v08_cutaway v07_bedroom v04_retail v03_exterior-hero v02_exterior-rear Editorial by Julia Hughes Photos supplied

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