Australia’s second priciest house deal has taken place – in the same suburb as the first.
Edgewater at 92 Wolseley Road, Point Piper, in Sydney’s inner east, is understood to be trading for $95 million following a negotiation by Sotheby’s Michael Pallier.
The five level home was designed in 1984 by entertainment entrepreneur Michael Edgley – who sold it a year later as a shell to Katies co-founders Joe Brender and the late Sam Moss, who moved their families in after employing Stephen Gergely to configure it as two apartments.
The pair – who had just sold their retail business to Coles for $115m – paid $5m.
The next owner is reported by Domain to be gold mining businessman ‘John’ Changjin Li who will convert it to a single residence.
Settlement is speculated to be 2022 with sale proceeds understood to then be split equally between the Brenders and Moss’.
Edgewater at 92 Wolseley Road, Point Piper
On an 1800 square metre parcel, Edgewater is one of only two waterfront home on the row with a tennis court; former Westfield chief Frank Lowy who lives nearby recently demolished his as part of a major renovation (story continues below).
It also has a deepwater jetty along its 40 metres of harbour frontage.
This pocket of Wolseley Rd is revered for its gun barrel views of the Sydney Opera House and Harbour Bridge.
Following the death of Mr Moss in 2016, aged 90, the lower level apartment was rented at $6000 per week.
The property’s off-market sale comes two years after Atlassian co-founder Mike Cannon Brookes spent $100m on the nearby Fairwater Estate – which sits on 1.1ha, and needs to be renovated.
A year earlier, the other co-founder, Scott Farquhar, outlaid $71m on Elaine, the historic estate next door to his business partner.
In July, an application was lodged to replace most of that c1863 mansion with a $37m dwelling designed by Sydney-born Carl Pickering’s Rome-based Lazzarini Pickering Architetti, and containing a rooftop tennis court.