Construction Maison

Sydney’s Macquarie Park has continued to prove lucrative for homeowners after another 55 owners sold their four apartment blocks in one line for $80 million. The large combined 5130-square-metre site at 15-21 Cottonwood Crescent, opposite AMP Capital ’s Macquarie Centre, went to a local developer with offshore backing. Macquarie Park , one of Sydney’s biggest business parks , is undergoing massive residential conversion and urban renewal. While each owner in the deal would have received a different price, the average across the mostly two- bedroom apartments sold would have been about $1.4 million. This beats the current market price for those units at just under $1 million each, realising a profit of just under 40 per cent on average for each owner. Some owners bought their units back in the 1980s for about $70,000 each. Savills’ Stuart Cox and Neil Cooke who sold the site said it was a record price for amalgamated sites sold in the area, based on proposed gross floor area . “Giv...

6/9 Linsley St, Gladesville. LATELY, the sunrises and sunsets over Sydney have been breathtaking. The break of day reveals hues of baby pink and blue while the evening horizon is streaked ruby and blood orange red . Simone and Gary Sutcliffe get to experience both ends of the day from their penthouse apartment at 6/9 Linsley St, Gladesville. The three- bedroom apartment occupies the whole top floor. “From the front balcony we see the sunrise and from the back, the sunset,” Mrs Sutcliffe said. “You feel connected to nature, and relaxed, which is lovely.” The Sutcliffes’ three bedroom apartment occupies the whole of the second floor in a boutique block of six built in the late 1990s. “The apartment is light all year round,” Mrs Sutcliffe said. “There are no dark rooms and every room opens to the balcony.” Mrs Sutcliffe said the apartment feels more like a house because of the wide wrap around terrace that is divided into three zones — balcony, courtyard and covered entertaining. At on...