Fancy a pad on the beach or getaway in the hills?
Agribusiness baron John Dieter Kahlbetzer is offloading two of his apartments in the landmark Deepdene building in Elizabeth Bay, but plans to hold on to his own apartment as his Sydney base.
There are four apartments in the distinctive Elizabeth Bay Road building. The Twynam Agricultural Group founder first bought in in 1980 when he paid $155,000 for the penthouse, and completed his ownership of the building in 2005 with a $6.6 million purchase.
Listed on the Australian Institute of Architects register, Deepdene was designed by Stuart Murray in the early 1970s inspired by the Einstein Tower in Potsdam, Germany, which was known for its curved sculptural shape.
John Dieter Kahlbetzer paid $155,000 for the Deepdene penthouse in 1980; it is on the market for $6 million. Photo: Andrew Worssam Photography
Kahlbetzer first flagged his willingness to offload the eight-storey building two years ago when the whole shebang was listed with $30 million hopes.
When that deal didn’t happen, Kahlbetzer’s son, venture capitalist Markus Kahlbetzer, offloaded his lower-level apartment a year ago for $6,525,000 through Bill Bridges.
Bridges and Michael Cassim, of Cassim Real Estate, are taking expressions of interest of $6 million for the penthouse and $5.5 million for the apartment below.
Architectural angles and panoramic harbour views define the penthouse atop Deepdene. Photo: Supplied
Set designer sells up
Film set designer Prisque Salvi and her partner, television and film director Michael Offer, are selling their former home in Birchgrove for $1.45 million.
The Ballast Point Road property was all but derelict when they purchased it in 1995 for $280,000, and rebuilt it as a three-level terrace cleverly configured behind its four-metre-wide frontage to open it to the light and open-plan living areas.
Formerly known for its bright colour palette, as befits the home of Salvi given her set design on movies such as Babe and Moulin Rouge, it has been freshly repainted ahead of a December 3 auction through Danny Cobden, of Cobden & Hayson.
Film industry couple Prisque Salvi and Michael Offer’s cleverly rebuilt terrace, known for its bright palette, has been repainted. Photo: Supplied
Banker cashes in weekender
David Acton has followed up his resignation as head of equities at Goldman Sachs earlier this year by listing his Palm Beach weekender, Edgewater.
The Wollstonecraft-based banker has owned the Pittwater property since 2005, paying $2 million and commissioning the Hamptons-style house from architect Walter Barda and builders Kavanagh and Sons.
The popular designer-builder team also built the weekender two doors away of former ALP powerbroker Laurie Brereton and judge Trish Kavanagh about 10 years before they sold it in 2014 for $3.8 million to Assetz Property chief Ben Salmon.
David Acton’s Hamptons-style weekender has a guide price of $4.8 million. Photo: Cameron Curdie
Acton has listed it with David Edwards, of LJ Hooker Palm Beach, with a guide starting from $4.8 million.
New chapter for PR queen
Emma Van Haandel, owner of PR agency EVH, and her husband Joel Williams have bought a historic Victorian villa in Potts Point for $5.75 million.
The 1880s-era terrace is best known as the home of Hordern House Rare Books, and owned by rare book dealers Anne McCormick and Derek McDonnell since 1985. It last traded for $438,000, and was listed recently with Jason Boon, of Richardson & Wrench Elizabeth Bay, given the couple’s plans to relocate the business.
Emma Van Haandel’s home in Potts Point. Photo: Supplied
The purchase by Van Haandel and Williams had been widely tipped on the back of their bullish sale earlier this year of their nearby Kincoppal apartment for $5.85 million.
That sale, again through Boon, offered a $2.3 million capital gain to the couple after only a year’s ownership. It was sold to ING Direct’s recently retired chief Vaughn Richtor and his wife Janet.
Cooking up change
Restaurateur Basil Daniell and Cherie Bolitho have scored early interest of $3.25 million on their Woollahra home.
The couple have owned the contemporary BKH-inspired home with a swimming pool and views over Cooper Park since their 2001 purchase at $1.75 million from stockbroker Bill Edwards and his wife Carole.
Basil Daniell scores $3.25 million on Woollahra home. Photo: Supplied
Georgia Cleary, of BradfieldCleary, takes it to auction on November 22.
Teo jnr buys Castlecrag property
When the Castlecrag waterfront home of optometrists Anthony and Gina Chapman-Davies went to auction last month, there was talk that high-profile neurosurgeon Charlie Teo had been the buyer.
Certainly it looked like the whole Teo clan were in attendance on the day to see it go under the hammer for a bullish $6,256,000 after some hotly contested bidding through agent Heidi King, of LJ Hooker Castlecrag.
And settlement reveals the buyer was indeed a member of the Teo clan, albeit Charlie’s little brother Jack Teo.
Mining boss downsizes
Chinese coal and mineral explorer Yang Jianzhong, from China’s Inner Mongolia, has traded out of his landmark Darlinghurst house to a $5.8 million apartment in the nearby Residences.
Records show the executive chairman of mineral explorer Kaili Resources bought the grand three-storey house in 2013 for $5.25 million as headquarters for the mining group, and scored $6.2 million for it recently through BresicWhitney’s William Phillips.
Kaili Resources subsidiary APEC is behind the controversial Maryvale coal exploration project in south-east Queensland’s Goomburra Valley that locals have so far failed to stop from proceeding.