Car king turned developer Tony Denny is enjoying a massive payday courtesy of some very savvy moves. Picture: supplied
Developer Tony Denny has secured $8.5m for his penthouse in his Elysium, Terrigal, project.
The Central Coast penthouse was snapped up well ahead of its scheduled October 12 auction through Mat Steinwede and Jordan Bulmer of McGrath – Terrigal.
Their published official guidance had been $8m.
RELATED: Inside Albo’s new $4.3 million beach mansion
This penthouse has sold for a Terrigal apartment record of $8.5m
Spanning 432sq m, the five-bedroom, five-bathroom Terrigal Drive penthouse is atop the last apartment complex undertaken in 2019 at the original Terrigal Country Club site by Denny’s Central Real Capital boutique development company.
It comes with a private lift from its six-car garaging.
MORE: Donald Trump’s ‘starter mansion’ sold for $47m
It sits right next to the lagoon.
And has a pool.
One of the five bedrooms.
Its sale follows this month’s $7.8m Aria penthouse sale through Tim Andrews at LJ Hooker – Terrigal.
“Set against Terrigal’s sweeping coastline, the Aria Penthouse presents a rare opportunity to own a residence defined by exceptional design and quality,” the listing for that home read.
“Spanning over 600 sqm, this home is adorned with expansive windows, high ceilings, and seamless indoor-outdoor living spaces that frame breathtaking Pacific Ocean views, creating a sanctuary of openness and tranquillity.”
MORE: Fashion guru pounces on $24m sub-penthouse
3/100-102 Terrigal Esplanade, Terrigal, NSW 2260
This Aria penthouse sold for the previous record of $7.8m
One of the four bedrooms.
Terrigal’s record had hit $6m earlier this year at 20 Terrigal Esplanade and, before that, $5.5m on Barnhill Rd in 2021.
With a $790m empire, the used car dealer turned developer Denny sits in 185th place on the most recent publication of The List – Australia’s Richest 250, compiled by journalist John Stensholt at The Australian.
He made his fortune with his Prague-based AAA Auto group of car dealerships around Eastern Europe, most of which was sold to Polish private equity group Arbis Capital Partners for about $320m in 2014.
There has been talk that he might be looking to swap the Terrigal pad for a Bondi one.
His off-market attempt to sell his Point Piper house for about $50m appears to have had overly ambitious hopes.
English (US) · 