A grand home with impressive harbour views at a Bellevue Hill dress circle address has sold for more than $9.1 million ahead of its scheduled November 16 auction.
Owned by BNP Paribas — the first major foreign bank in Australia — for half a century, the five-bedroom, four-bathroom home at 105 Victoria Rd had an $8 million price guide through Laing + Simmons Double Bay’s D’Leanne Lewis.
When news of last night’s late-night sale broke, it was confirmed that buyer’s agent Simon Cohen had represented the buyer, an eastern suburbs family.
Neither he nor Lewis would confirm the sale price when contacted, though other sources put the result in the $9.1 million to $9.5 million range.
RELATED: Horderns big plans for Cliff Hall
That’s a big price, helped along by the $10.1 million sale just a few doors away of Cliff Hall, Bellevue Hill’s circa 1916 treasure, at 111 Victoria Rd.
Sotheby’s agent Harriet France had seven registered bidders, with five of them active at that hotly contested auction on September 26.
Cohen had been one of the underbidders at that auction — at one point attempting a knockout bid of $800k knockout attempt at $7.2 million, taking it to $8 million.
But he confirmed that client hadn’t been the buyer of the French bank’s property.
The buyers of Cliff Hall — currently configured as two separate apartments — were Tim Hordern, a sixth-generation descendant of the famous Sydney retailer Anthony Hordern, and his wife Victoria.
They’re planning to renovate, returning it to one family home again.
Although the land size of the bank’s property is smaller — 729 sqm compared with Cliff Hall’s 965 sqm — the view of the harbour is arguably better.
Speaking only yesterday ahead of the surprise sale, Lewis revealed she’d been averaging 30 groups at open homes.
“It’s fantastic, highly sought after,” she said.
“Everyone wants that address.
“It’s on the low side of Victoria Rd, with the best views and in a consular belt location.”
Those looking at 105 Victoria Rd had fallen into two different camps — some wanting to renovate while others just want to knock it down and build a designer palace.
But regardless, clearly this is a blue-chip address with incredible northerly harbour views — a home that you really can bank on.
BNP Paribas had used the grand Bellevue Hill home — which had a car port for two cars and space in the drive for two more — as a residence for the French group’s CEOs over the years.
Most recently that’s been James Gibson, who has now taken up a new role as Head of Territory for BNP Paribas in Japan.
His replacement, Karine Delvallée, Head of Territory for Australia and New Zealand, has come from Hong Kong and resides elsewhere in Sydney.