Lou Abrahams Almost Sold Out of Luxury Brighton Apartments

Earlier this month, Mr Abrahams announced that this year’s Sydney-to-Hobart yacht race, which would be his 44th, would also be his last. In doing so, the 82-year old sportsman equals the record of late Tasmanian yachtsman John Bennetto.

Mr Abrahams will also cut ties with the site he has called home for more than 50 years at 9 St Ninians Court in Brighton. Once his childhood family home, he recently developed the large block into 8 luxury apartments, of which only two remain. One of these apartments will be put to auction on March 1st.

“Apartment living has become more accepted as a way of life in Melbourne,” Kay & Burton director and marketing agent Nick Johnstone told Secret Agent. “Buyers in this project are empty nesters, leaving big homes where they may have raised their families.”

He said the average price of apartments sold so far has been $4.5 million, and that buyers have come from elsewhere in Brighton, and Toorak.

“They are attracted to low maintenance apartments with all the mod cons, in AAA-level blue chip streets such as St Ninian’s Court which virtually backs onto the Seacombe Grove Beach and is a short walk to Church Street or Bay Street shops.”

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.