26 Rosemont Ave, Woollahra offers 10 beautifully refurbished half-floor Art Deco apartments.
Refurbished Art Deco apartments in Woollahra’s consular belt are set to walk out the door at this weekend’s grand opening.
On offer at the 1935 treasure ‘Gowrie’, a six-storey block at 26 Rosemont Ave, are 10 beautifully renovated two and three-bedroom-plus-study apartments averaging 130sqm priced between $2,795,000 to $4,295,000, six of them with basement parking.
The grand foyer has been upgraded, leadlight windows restored, new salmon carpet installed and feature pendant lighting added.
Each apartment offers spacious designer kitchens with new appliances and natural stone benches, heritage inspired bathrooms with a separate bath, shower and toilet.
There’s new custom joinery, Jetmaster fireplaces and all mod-cons.
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The grand foyer has been upgraded.
This 116sqm two-bedroom two bathroom apartment has a $2,295,000 asking price.
And unlike when you buy off the plan, buyers who turn up between 2pm and 4pm on Saturday can see exactly what they’re buying.
“It’s completely unprecedented,” says Alex Pope, of the respected family-owned property development company McDonald Industries.
“These are 10 half-floor residences, finished and complete.
“They’ve been rewired, replumbed, with the fire upgrade complete … the customer doesn’t need to imagine what’s on offer, they can come and inspect it on Saturday.”
It will be first in, best dressed, so if you’re at the front of the queue, you’re guaranteed to be able to get one.
McDonald Industries has been buying old buildings and refurbishing them since 1974, selling more than 7000 apartments.
Pope says they’ve been known to sell out within the first half hour.
Spacious designer kitchens with new appliances and natural stone benches.
Some of the apartments come with a study.
“We’ve got a good success rate, the prices are on the door.
“We had 50 people and we had to give them numbers like the RTA.
“The first 15 bought … that was a different price bracket and a different time.
“But it is first-in best dressed, people can see for themselves, it’s tangible.”
Pope says this week’s interest rate rise won’t be impacting his buyers.
“These aren’t first timers who are going to be knocked about a .25 per cent interest rate increase,” he says.
“These are going to be older customers downsizing from a house, some who want a city pad, they might already have a place at Palm Beach or in the Highlands.”
Designer bathrooms.
The sales agents are also confident of a successful day on Saturday.
“These are cracker apartments,” says Paton Jamieson of Paton Jamieson Prestige Property, who’s selling them in conjunction with Mark Daly of Bradfield BadgerFox.
“I think they’re going to be very popular with the downsizers who want to live all on one level, there’s not a stair in sight.”
Ok there is grand old staircase, but there’s also a lift to whiz you up to your apartment.
Records show the old block was bought for $21.5m in July, 2024, and the restoration has been an 18-month project.
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