Andrew Bogut lists Beaumaris holding after planning saga
Postscript: this property found a buyer within the first week of being listed.
A month after winning approval to replace adjoining Beaumaris blocks with a family home, retired basketballer Andrew Bogut and his wife, Jessica, are selling up.
The pair can expect over $11 million for the holding which includes a modern Hamptons style home.
In a podcast posted last week, the sportsman said the main reason for listing is that the address was published extensively while the redevelopment proposal was being reviewed.
Mr Bogut added the negative planning experience – including dealing with the “NIMBY” Beaumaris Conservation Society and City of Bayside councillors who rejected the design approved by its planning officers – was also a factor.
The couple spent more than $150,000 to win the permit via the Victorian Civil and Administrative Tribunal.
City of Bayside, led by its mayor, is understood to have outlaid about $84,000 objecting it.
“I wanted to win this case against the conservation society and Bayside City Council no matter what,” Mr Bogut said of the application.
“Now we’ve done that, we’re in a position to sell…with our middle finger up at the conservation society and council,” he added.
Kay & Burton’s Eleisha Doherty and Tracy Tian Belcher are the marketing agents.
The property is expected to attract interest from prestige home buyers and townhouse developers (story continues below).
401 Beach Road and 2 Point Avenue
The offering includes a modern two storey home on a 1249 square metre private clifftop site – 401 Beach Road – overlooking the water.
This dwelling set the Boguts back $4.7m in 2015.
Three years later the pair paid $3.72m for a rundown home on a neighbouring 1111 sqm plot – 2 Point Avenue.
The properties were amalgamated for the purposes of the development application – another two level home, surrounded by a pool and 1/3 sized basketball court (artist’s impression, top).
When the local council rejected it earlier this year year, the owners took the matter to VCAT – and won.
Mr Bogut said his family is moving on from the saga, acknowledging that the underlying land value has gone up in the years they held it.
“Its one of the best positioned blocks within 30 minutes of the city which is ocean front,” he added. “My loss is someone else’s gain”.
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