Commercial and residential property news
Chris Lucas has sold his Potts Point apartment for an undisclosed price, speculated to be about $6 million.
Any deal in that vicinity would be a boon for the Melbourne-based restaurateur, who paid $3.4m for the first floor unit at 10 Wylde Street in March, 2017, as a bolthole.
That seller, former Oceanlinx chief executive officer, Colin Parbery, outlaid $2.45m off-the-plan four years earlier.
Investec developed the high-end project with 22 dwellings over seven floors; SJB was the architect.
The building replaced the Oakford Potts Point serviced apartment complex.
Prime spot for fireworks: agents
Mr Lucas purchased the Potts Point dwelling (pictured, top) just before opening Sydney’s Chin Chin restaurant.
With two bedrooms, two bathrooms and a balcony – a total of c120 square metres – it has CBD, Fort Denison, Sydney Harbour and Harbour Bridge views.
It also includes a private two car garage with storage.
Quarterly outgoings are c$3600 (story continues below).
Raine & Horne Unlimited’s Samuel Schumann, who marketed the unit with Jane Schumann, said it is a premier location to watch the city’s New Years Eve fireworks.
It is also 300 metres to Potts Point Village and about twice that distance to Finger Wharf, he added.
Lucas serving again
Mr Lucas lives in a Toorak mansion purchased for $18.55m in 2014 by his partner Sarah Lew, the former daughter in law of retail magnate, Solomon.
That vendor, mining magnate Socrates Vasiliades, famously took six years to construct it, then lived there six days before relocating to Europe.
On Towers Road, it initially hit the market with c$25m price hopes.
Following an extended lockdown in Melbourne, Mr Lucas last year opened three Society restaurants; within Dexus’ 80 Collins St, at the north west corner of Exhibition, the fit-out cost is speculated to be eight figures.
The Geelong-born son of a Greek migrant is also behind Kisume, at nearby 175 Flinders Lane, which sold last July to Jackalope Hotel founder Louis Li, who owns the distinctive c1911 Maria George building next door.
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A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.