Monday, 25 May, 2020

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Bondi Junction penthouse sells for $2.7m, $400,000 above reserve, in fiercely fought hot auction

Former solicitor and headmaster turned thriller novelist Gilbert Mane on the balcony of his late mother’s penthouse, which sold for $2.7 million at auction. Picture: Monique Harmer.

The Bondi Junction penthouse had a reserve of $2.3 million and the agent thought it may “kiss $2.5 million”, but at last night’s auction it sold for a whopping $2.7 million.

Century 21’s Nicholas Armstrong-Smith and Steve Brajak had six groups register to bid for the three-bedroom apartment at 1504/79 Grafton St — on the 15th floor of the Westpoint Tower — all keen on the incredible view.

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The three-bedroom apartment (above) opens to a large northeast facing balcony (below).

Mr Armstrong-Smith attributed the result — a record for the complex — to the top-floor, north-easterly position and the “awesome agents”.

Many consider the northerly outlook — which takes in the harbour, bridge and Opera House — from the Westpoint and Seapoint towers as the best in Sydney, and they can never be built out. The towers are built right in front of the expressway.

The late Dawn Mane photographed with her family last year (above) and the view from the apartment at night (below).

The owners were the late Sam and Dawn Mane, who had downsized from a house in Bellevue Hill when they moved there in the mid 1990s.

Their son, former solicitor and headmaster turned thriller novelist Gilbert Mane, said his late parents, Sam and Dawn Mane, never got sick of the view.

And last night everyone who lined up for it — three of them actively competing — were also people downsizing from large homes across the east.

The opening bid was the $2.3 million reserve price and it rose steadily in $25,000 increments from there.

It was a fiercely fought contest stretching over 40 minutes and the bids were down to $5000, $2000 and $1000 increments by the end.

The buyers were a couple downsizing from a house in Double Bay.

The Manes had bought the apartment off-the-plan for $650,000 in 1993.