Long-in-the-Making Bondi Beach Penthouse for $4m+
Back in 2008, a nondescript 1950s apartment block on the backpacker-filled Francis Street in Bondi Beach sold for $4.4m. Several years before the sale, in 2003, Candalepas Architects were employed by the former owner to design a $1.7m conversion to six luxury apartments. Now flash forward 4 years from the sale and the fancy DA-approved plans and you finally have a finished product that actually looks pretty damn cool.
The three bedroom, two-level apartment gets some impressive (and rare) north-facing coastline views. And the two car spaces is not something to be overlooked in value. According the architects: “The building is comprised of six apartments over three levels and replaces a three storey free standing brick apartment block of five self contained units. Sitting on a 530 square metre site in Bondi, the land has an 8.5 metre fall from the rear (south) boundary to the street (north) boundary. The building is surrounded on two sides and the rear by three and four storey rendered apartment buildings. The forms achieved in the scoop of the penthouse apartment echo a series of waves in concrete and capture the light across a full spectrum during the changing day and seasons.”
Some seriously fancy verbage there. But at $4m+ is it worth it? Did we mention the apartment measures in at a paltry 188 sqm? That’s a price/sqm on par with the best developments on Notts Ave, Campbell Parade, and the Ben Buckler peninsula, not Francis Street. Also, aside from the cast concrete construction and the clerestories, some of the interiors look pretty skimpy (cheap windows, blah carpeting in the bedrooms). What say you, Radical Terrace readers?
Jason Pantzer of goodyerDonnelley has the listing: 6/8 Francis Street, Bondi Beach