A luxury waterfront sub-penthouse in a complex so tightly held it’s the first one ever offered for resale is set to go under the hammer, as its high-profile owner moves north for his Olympic commitments.
One of just seven in the complex, the four-bedroom unit on Drummoyne’s prestigious St Georges Crescent has a podium position on Sydney harbour, offering gold class views over Cockatoo and Snapper Islands that will never be built out.
6/6 St Georges Crescent, Drummoyne will go to auction in February with a price guide of $5.7m. Picture: realestate.com.au
It’s owner, former long serving president of the Australian Olympic Committee (AOC) John Coates AC – who has moved to Queensland in preparation of the 2032 Olympics – told realestate.com.au he will miss the area.
“My connection with the Drummoyne waterfront goes back more than 50 years to my schoolboy coxing days boating out of Leichhardt Rowing Club on the Iron Cove and Sydney Rowing Club on the Parramatta River,” Mr Coates said.
John Coates is the former long serving president of the Australian Olympic Committee (AOC) and the former vice president of the International Olympic Committee (IOC). Picture: Getty
“But for me life entered another chapter when I secured for Brisbane the 2032 Olympic and Paralympic Games and a responsibility for delivering them as a member of the Games' Olympic Organising Committee, as for Sydney 2000.
“I need to be living closer to the sports venues and so my wife Orieta and I have purchased in and moved to Burleigh Heads in south east Queensland.”
The never-to-be-built-out views capture Sydney's iconic Cockatoo and Snapper Islands. Picture: realestate.com.au
Purchased off the plan in 2010, it’s the only apartment in the complex to be offered for sale since the building was complete in 2011.
Selling agent Jack Hughes from Ray White said it’s an indication of the quality of the build.
“Nothing in the building has sold previously; everyone bought off the plan or when it was newly built,” Mr Hughes said, noting the unit has undergone extensive renovations since to enclose the side balcony, creating a dedicated study and internal formal dining space.
“St Georges Crescent is the premier street in Drummoyne. It's where everyone wants to be."
The large entertaining space has a dedicated dining zone with views of Centrepoint Tower. Picture: realestate.com.au
With 239sqm of living space plus parking for two cars, Mr Hughes said the internal size of the apartment is “unmatched”.
“I'd say it's one of the largest units internally on the street,” he said.
“The size is very rare, and the location is rare. So the combination of those two will drive interest.”
The home sits on Drummoyne's best street. Picture: realestate.com.au
It sits just 200m from the Birkenhead Point shopping centre. Picture: realcommercial.com.au
Featuring house-like proportions with four double bedrooms, two bathrooms and a separate home office, it’s a rare opportunity for buyers seeking low maintenance living that’s within easy reach of shops and amenities.
“It’s 200m from Birkenhead Point,” Mr Hughes said, “and there’s a ferry at the end of the street, there's also a bus at the top of the street, all within a five to 10 minute walk.
“A standard family home in Drummoyne might pop up every month, whereas something like this is really rare; you might see one or two a year, if that."
The master suite includes a luxurious ensuite and walk-in robe. Picture: realestate.com.au
He expects strong interest from downsizers and professionals moving from large homes in surrounding inner west and lower north shore suburbs.
The home offers level lift access and secure basement parking.
Its long list of impressive features includes a library with custom joinery, a high-spec entertainer’s kitchen with marble benchtops and Miele appliances, and a dedicated dining space with views to Sydney's Centrepoint Tower.
6/6 St Georges Crescent will go to auction on Saturday 28 February with a price guide of $5.7m.
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