8/39 Sutherland Cres, Darling Point has just sold for double the price that Toula paid two years ago.
Toula Cassen bought this harbourside apartment two years ago and she’s now sold it for double the price.
She’s bought the four-bedroom, three-bathroom apartment with double parking at 8/39 Sutherland Cres, Darling Point for $6.82m in November, 2023.
At the time, it was in a functional but dated condition, but she could see the 293sqm single-level unit with harbour views in the boutique block of 10, Glen Ascham, had potential.
After a $1m reno, she handed it over to her real estate agent son, Ben Cassen, who secured a $13.65m sale off-market.
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Some walls have been knocked down to create more space.
The kitchen now has million-dollar good looks.
BEFORE: It replaced a functional, but dated, kitchen.
The Sotheby’s young gun couldn’t reveal the identity of the purchaser, but it’s understood to have been a downsizer from the same suburb who was blown away by the apartment’s new look.
Toula, who is the ex wife of Rob Cassen, who sold motorcycle parts business Cassens for $123m to Motorcycle Holdings in 2017 alongside his brother, John, obviously has a good design eye.
Toula clearly has a good design eye.
bEFORE: The living room as it looked previously.
She’d ‘sold’ a Double Bay home, with a unique timber staircase, for $5m in 2019, to Delta Goodrem, but then the superstar changed her mind and bought an apartment instead.
For her Darling Point reno, she’s knocked down an internal wall to open the space up a bit and used quality designer finishes, such as timber parquetry floors and marble, in the fitout.
It obviously did the trick.
Other attractions, apart from the house-like size of the apartment are the views, are the complex’s facilities that include a heated mosaic-tiled pool, gym and sauna.
The master bedroom wasn’t signficantly altered, just new light fittings.
BEFORE: The master bedroom as it was previously.
It’s also a short, level stroll to the popular Richie’s Café on Mitchell Rd and features level lift access from the double garaging.
The purchaser will also enjoy the harbourside lifestyle offered by Rushcutters Bay and the CYC.
Double Bay’s Village, Steyne Park, McKell Park and the ferry are also close by.
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