Market has a spring in its step

Early sale: The ABC’s Deirdre Brennan and her executive producer husband David Spencer sold their Macarthur Street, Ultimo, house for $1.25 million before it was due to go to auction. Trading in: Pengana Capital’s Russel Pillemer and his wife Carole sold their Latimer Road, Bellevue Hill, property for $4.64 million.
Nanjing Night Net

False start: Terry and Elsa Jenkins have now sold Roselyn on Forsyth Street, Killara, after a previous sale fell through last year.

Landmark sold: A restored Craignairn in Wahroonga sold for shy of $6 million.

Sydney’s movers and shakers are making the most of a happy spring selling season.

Headlining the sales results is the Federation Arts and Crafts mansion Craignairn in Wahroonga.

The local landmark on 7100 sq m is one of the area’s largest lots and was designed by Howard Joseland for textile merchant Waler Symington Strang and wife Evelyn Mills in 1909.

In recent years it’s had about $1 million lavished on restoring and up-dating it by developer Alfred Attard and wife Alexandra, before they listed it with hopes of more than $6 million in August.

Landmark sold: A restored Craignairn in Wahroonga sold for shy of $6 million.It was sold by Chana Scotcher, of Chana Scotcher Realty, and Andrew Burns, of Burns and Burns, who declined to comment on the sale, but other sources say the result was $6 million, and is rumoured to have been bought through buyer’s agent Hylton John, of PK Property.

In Mosman, investment banker Cosmas Kapsanis and his wife Susan Turner-Kapsanis have sold their home for $5.8 million to a Chinese buyer.

Kapsanis, the co-founder and managing director of corporate investment advisory Ivest, and Turner-Kapsanis listed the Mistral Avenue property in August given their plans to move to the eastern suburbs, closer to their triplet sons’ Cranbrook school.

The sale was by Richard Simeon and Mark Manners, of Richardson & Wrench Mosman.

In Ultimo, the home of the ABC’s new controller of children’s TV Deirdre Brennan and her executive producer husband David Spencer has sold for $1.25 million.

Early sale: The ABC’s Deirdre Brennan and her executive producer husband David Spencer sold their Macarthur Street, Ultimo, house for $1.25 million before it was due to go to auction.

The Macarthur Street terrace was expected to go to auction this Saturday through BresicWhitney’s Matthew Carvalho and Chris Nunn, who had a guide of more than $1.1 million.

The couple listed the four-bedder – around their corner from their workplace at the public broadcaster – following their purchase of a Paddington terrace in July for $1.9 million through McGrath’s Ben Collier.

Francophile Ross Steele has also jumped the auctioneer’s hammer to sell his grand Victorian terrace in Paddington for $1.89 million.

The accomplished author and academic sold the Stafford Street property following his recent purchase of a three-bedroom apartment in the Paddington Green complex for $1.727 million.

Di Jones agent Victoria Morish and Ann Ramsay Arkins were marketing the terrace – where Steele wrote most of his 37 published titles – with hopes of more than $1.6 million.

In Bellevue Hill, chief executive of hedge fund group Pengana Capital Russel Pillemer and his wife Carole are free to trade up to their forever home now they have sold their property for $4.64 million.

Trading in: Pengana Capital’s Russel Pillemer and his wife Carole sold their Latimer Road, Bellevue Hill, property for $4.64 million.

Pillemer bought the property in 1998 for $1.67 million, before he and fellow Goldman Sachs alumnus and now local MP Malcolm Turnbull set up private equity firm Centrestone.

More recently renovated and extended, the two-storey home on Latimer Road was listed with brothers Mark and Barry Goldman, of Raine & Horne Double Bay.

And on the upper north shore, retired insurance executive Terry Jenkins and his wife Elsa have finally sold their Killara home after a couple of false starts.

False start: Terry and Elsa Jenkins have now sold Roselyn on Forsyth Street, Killara, after a previous sale fell through last year.

The 3210-square-metre property, Roselyn, has been home to the Jenkins since they bought it in 2005 for $5.7 million from investment entrepreneur Louis Carroll, who in turn had purchased it in 1998 for $3.8 million from executive recruiter Andrew Banks.

The Jenkins sold it last November for $5.5 million to a China-based buyer who then failed to complete the sale after exchange. It was relisted with an asking price of about $6 million and has now sold through Luschwitz’s Ceto Sandoval.

No word on the sale figure, but title records will show the final result when it settles.

This story Administrator ready to work first appeared on Nanjing Night Net.

Comments are closed.