This sub-penthouse apartment is going to appeal to a select group of buyers. It is a matter of compromise but in my opinion many buyers will see this as a great opportunity.
It is rare within the residential Sydney CBD market that offerings like this come up for sale.
I acknowledge that this property cannot and will not appeal to all buyers due to the commercial type strata levies imposed but these have been reflected in the guide price.
I firmly believe that there will be plenty of buyers who will express interest and will understand the unique opportunity this property offers.
This property is positioned as the sub-penthouse, split level with access on level 10 with staircase to the living areas on level 11. According to the strata plan the property is 162 square metres that offers a genuine sense of open expansive living space. The floor plan consists of spacious living room and open plan kitchen with smeg appliances, generous master bedroom with en-suite and second bedroom and bathroom complete this exclusive city pad.
It is unique due to the dearth of residential space located in the heart of the Central Business District. This location is prime, positioned in a beautiful 12 storey Art Deco building at 16 O'Connell Street. It was once the building for the Bank of New South Wales that was built circa 1938, the architect was Bruce Dellit whose work includes the War Memorial in Hyde Park.
There is a grandeur and stateliness that these older buildings exude which contemporary modern developments find hard to replicate.
The location requires little explanation; according to Google Maps it is 400 metres to Martin Place or a four-minute walk, 300 metres to Chifley Tower, 190 metres to Wynyard Rail Station and 500 metres to Circular Quay.
I am of the opinion there is a perfect home for everyone but I am positive there will be an abundance of interest from prospective buyers who will fall in love with this one.
