Moving Up To The Quay

Sun Herald

Sunday February 15, 2004

JONATHAN CHANCELLOR

THE 38th-floor Quay West penthouse has been sold to low-key Ramsay Healthcare chairman Paul Ramsay for close to $6.15 million. The three-bedroom, split-level 265-square-metre penthouse facing the harbour last traded at $2.925 million in early 1993 when bought by Beverly Hills alumina building products magnate Cornelius Vanderstar and his wife Marguerite . Vanderstar owns about 41 per cent of the company he founded in 1957, International Aluminum Corporation, which had $US192 million ($244 million) in sales in the past financial year. The three top-floor units in the Mirvac development have been tightly held since their 1993 completion, with just the one on sale the 228-square-metre city-side unit in 1995 which fetched $2.4 million, having been sold at $1.95 million in 1993. Ramsay obviously likes the complex because he bought into the Gloucester Street block in 1993, paying $1.45 million eight floors down on the harbourside, following the sale of his then Point Piper waterfront apartment. That 30th floor unit will now be listed for sale by Ramsay, whose grandfather Sir Austin Chapman was one of the founders of Canberra. In 1963, Ramsay bought his first private hospital a 42-bed psychiatric institution at Neutral Bay.

Chef serves up Bondi treat

NOOSA-BASED chef David Rayner has listed his Bondi digs through Sandy Kogan of Raine and Horne Bondi Beach. The 120-square-metre Penkivil Street two-bedroom unit with beach views goes under the hammer on February 26.

Bank man's bungalow

MACQUARIE Bank director Peter Jones and wife Kaye have listed their Kingsford bungalow for auction on February 28. About $1.3 million is tipped for the Maitland Avenue house by its N. G. Farah agent Tony Kalofonos . The Californian bungalow has three bedrooms plus study, and its open-plan living and entertaining area opens out to decking. House sales last year in the Kingsford/Kensington precinct averaged $1 million, Home Price Guide said, with a top price of $2.45 million when retired Swans star Andrew Dunkley sold his house on Balfour Road. Sales included Tinnenburra , the 1925 Milroy Avenue brick bungalow, possibly Sydney's most actively traded home, which fetched $2 million. Its sale was the sixth in 11 years.

Let's do the time warp again

THE still-unrenovated Mosman mansion Dungannon has been listed for auction on Saturday. In 2001, the Beardow family paid $1.125 million for the Queen Street residence, which is in something of a four-bedroom Federation time warp. It had been listed by Alevtina Petrovna Batalin, reputedly of Russian Romanov nobility, who came to Australia in 1953 after fleeing from Manchuria. She had no money and used a two-carat diamond ring as the deposit on the then ##4750 purchase. Its Elders Mosman agents are quoting $1.3 million plus.

Kinging's price cools

DESPITE the amount of noise made about the number of celebrities who have visited it over the years, the Collaroy home owned by television programming consultant Glen Kinging and wife Sue has not yet been snapped up. It comes with a tennis court, gym, spa, sauna and pool. Listed with $3 million plus expectations last August, there is now a $2.9 million asking price on the Lincoln Avenue residence.

Shifting sands of time

AFTER 13 years, Sculpture By The Sea founder and director David Handley has listed his Elizabeth Bay unit. The two-bedroom art deco unit in Westchester, on Onslow Avenue, has harbour glimpses. Sculpture By The Sea, the largest outdoor sculpture exhibition in the world, is tipped to attract 300,000 people later this year. It's possible Handley may relocate somewhere along the Bondi to Tamarama walk where he can keep a watchful eye on proceedings. About $500,000 is tipped through Cassim Woollahra agent Michael Cassim .

House with a history

SET on two hectares in one of the Hills District's most desirable streets, the Jamieson family has listed its Glenhaven residence with $5 million expectations. But with its facilities, including a large heated swimming pool in a tropical setting, the Wayfield Road property resembles a resort, enhanced by its built-in barbecue, fully-equipped gymnasium, spa, sauna, tennis and squash court. It has been listed through Christie's Prestige Homes agent Ken Jacobs. The Wayfield Road property was bought by Airco Fasteners director John Jamieson and wife Joanne from former HIH boss Ray Williams in 1989 for $2.05 million. Its Gordon Sykes-designed gardens have formal roses with a night-lit water feature. There's even a creek and dam providing irrigation for the gardens. The single-level house has five bedrooms in a separate wing away from the living area.

Jonathan Chancellor edits the Title Deeds column, published in The Sydney Morning Herald's weekend edition.

jchancellor@mail.fairfax.com.au.

© 2004 Sun Herald

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