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Sydney's Finest Penthouse?

Wednesday, 12th June 2013

Nature has been kind to Sydney, blessing it with dozens of white sandy beaches, azure waters and a temperate climate. The jewel in the crown is Sydney Harbour, where sailing boats, ferries and cruise liners create a colourful, ever-changing, almost hypnotic scene. This is the vista that everybody craves. But, like everything that is precious in this world, such a rare commodity is available only to a lucky few.

A grand penthouse with the feel of a European mansion will capture this awe-inspiring view from atop, arguably, Sydney's most tastefully-designed new boutique building at 10 Wylde Street, Potts Point.

Flowing seamlessly through formal and casual living spaces, the 430-square metre penthouse is a modern interpretation of luxury reminiscent of the art deco era.  The architecture combines traditional craftsmanship and a pallet of the world's finest materials and finishes.

An eye-catching feature is the aged French oak parquetry flooring laid in a herringbone pattern, which is continued with travertine tiles on expansive balconies.  But while there is richness in the detail, everything about the penthouses is beautifully restrained.

"These days the term 'penthouse' is loosely applied by marketers and real estate agents," said Graeme Katz, head of Investec Property Investments which is developing the eponymously-named building. "But this is a true penthouse in every sense of the word.  It is the only penthouse in the building and it occupies the whole top floor.

Investec Property Investments specialises in developing and managing a diverse range of property investments across Australia.  The team has been involved in projects delivering more than 1,000 residential dwellings over the past seven years, including the award-winning mixed use development at Bondi Beach, The Beach House.

From the elevated position just minutes from any array of speciality shops, theatres, galleries and the cafe culture of Potts Point, the penthouse provides views of Sydney Harbour to the Heads in the north, Rushcutters Bay and Darling Point to the east, and the Sydney Opera House, Harbour Bridge and CBD skyline to the west.

Caroline Fagerlund of CBRE predicts the penthouse will fetch around $13 million.  "From the moment you walk into the penthouse's leather-paneled vestibule you experience a style of living that taps into comfort, substance and prestige," she said.

Architect Adam Haddow from SJB believes 10 Wylde Street is the best residential address in Potts Point, and the building will become a Sydney icon.

"This is a building that articulates a new contemporary living standard in Potts Point; one that is not afraid of its newness but equally confident in its reference to a lineage," said Mr Haddow.

"From the door handle detailing to the lettering on post boxes this will be a considered building with personality, casual style, a remarkable address and the best harbour views in the world."

Security and privacy of residents is of paramount importance at 10 Wylde Street, which has video security intercom, security lifts which only stop at authorised floors and secure underground parking.

"10 Wylde Street has the only true north facing penthouse to be built in Potts Point in 20 years and because of the boutique nature of the building it benefits from comparatively low strata levies," said Andrew Hoggett of Richardson & Wrench Elizabeth Bay.

Private inspections of 10 Wylde Street are by appointment only through Caroline Fagerlund of CBRE on 0414 430 0890 or Andrew Hoggett/Jason Boon of Richardson & wrench Elizabeth Bay on 0412 208 614.

By

Barry Hyland

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