Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Tuesday, 1 July 2014

Hyde Park

Thought I'd take a wander around Australia's oldest park t'other day for something different.

The ANZAC War Memorial is worth a visit, particularly for those with ancestors who fought in the Great War, and sits behind the 'Pool of Remembrance' aka. the 'Lake of Reflections'. 

The dark tower to the right of shot is the recently renovated The Hyde building of 157 Liverpool Street.

Take a look inside here - very swish.

I can't recall how much the penthouse sold for but the sub-penthouses were going for $4.5 million+ several years ago so...a lot.

It's not the only expensive real estate on Hyde Park these days, either.

The Residence on adjacent College Street - also recently renovated - saw its penthouse sold to a Chinese investor for $17 million, in part thanks to its (quite distant) Opera House and harbour views. 

It had originally been hoped that the penthouse would fetch more than $20 million.

If memory serves, the buyer purchased the apartments for his kids to use as student digs. 

It's the tower to the left of shot below. 

Imagine the parties...

I looked around the display suite up on the higher floors a few years ago when the tower was under reconstruction, but with even entry level prices starting at $1.3 million for 2 bedroom apartments, I felt there must be better value to be found in established stock. 

There usually is.