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1/8-10 Notts Ave, Bondi Beach had been converted into a one-bedroom “bachelor’s pad”.
A one-bedroom ”bachelor’s pad” has sold for a whopping $11m, believed to be a national record.
The sale of the 115 sqm space equates to $83,000 per square metre, all thanks to its north-facing position overlooking Australia’s most famous beach.
“Surely, that’s an Australian record for a one-bedder!” says the proud-as-punch sales agent, Alexander Phillips of PPD, who did the deal alongside colleague Vince Licata.
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The apartment sits above Icebergs and has northerly views over the beach and ocean.
The vendor spent a fortune on a reno after his $10m purchase two years ago.
What was a second bedroom is now a dedicated dining spot.
The vendor, Darrell Grundy who is the director and acquisition leader of Apex Digital Billboards, had bought what was then a two-bedroom unit at 1/8-10 Notts Ave, Bondi Beach for $10m two years ago from former hedge fund operative Spencer Young.
Grundy must have spent at least $1m on creating the ultimate one-bedroom bachelor pad, or, as the realestate.com.au ad states, a “luxuriously oversized entertainer”.
What was the second bedroom is now a dedicated dining room; the “sanctuary like” bedroom has a curved glass, see through wall to capture the ocean view; there’s ambient lighting; ducted air; Bang & Olufsen speakers; a rainfall shower, custom-built tub and double vanity in the luxurious bathroom; a sauna; beach shower and level lift access down to Icebergs and the coastal walk.
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The whole apartment opens up to the north-facing terrace.
The $11m sale equates to $83,000 per sqm.
There’d initially been much higher hopes, with the apartment being listed for auction way back in January with a $14.5m price guide with another agent.
Phillips is tight-lipped on the purchaser’s identity, saying only that it was a family from interstate who wanted a Sydney bolthole.
And what a place to crash, with the lavish finishes of the expensive reno, in the words of the ad, creating “a dream ambience and a soul-soothing oasis of calm with an incredible 10m frontage to the captivating vista” and “a north-facing terrace that seemingly floats above the ocean”.
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The “sanctuary like” bedroom has a curved glass wall to enjoy an ocean view.
There’s also a round theme in the bathroom.
It might only have one bedroom, but at least there are two car spots — that in itself is worth a fortune in Bondi.
The apartment is one of just three in the complex. Spencer Young, who is a polo enthusiast, also owned the penthouse in the block, having bought it for a then suburb record of $9m in 2006. He sold that in December 2022 for $24m to Multiplex heir Andrew Roberts.