Fashion guru pounces on $24m Billyard Ave sub-penthouse

This Billyard Ave, Elizabeth Bay, sub-penthouse has sold for circa $24m to fashion guru Andrew Michael and his wife, Michelle.

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There’s been another huge sale at the luxury Billyard Ave development in Elizabeth Bay, with a fashion guru snapping up a sub-penthouse for circa $24m.

The sales agents, Eddie Mansour, managing director of Ray White Projects, and Jason Boon from Richardson and Wrench Elizabeth Bay, were tightlipped on purchaser of the four-bedroom residence with 360sqm of internal space and incredible harbour views.

But other sources soon nominated the buyer as Andrew Michael, director at Apparel Group, who’s had more than 40 years in the fashion industry.

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Billyard Ave features just nine exclusive apartments.

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He and his wife, Michele, currently have their five-bedroom residence at 5 Bulkara Rd, Bellevue Hill listed with Di Wilson and Ashley Bierman of Ray White Double Bay.

The sale of the sub-penthouse is one of the highest sales for an apartment in Elizabeth Bay.

The highest price was set when the whole floor penthouse within the same project sold for $30m last November to former head of USB Matt Allen, the owner of Sydney to Hobart winning ocean racer, Ichi Ban.

Other big sales in the development included the other sub-penthouse, for $22m, to Paul Keating’s confidante and lawyer Chris Coudounaris.

There’s also been a recent sale of the garden manor residence for $17.5m to Tina Green, widow of the late hotelier Maurice Green.

The stylish home of Andrew Michael and his wife, Michelle, at 5 Bulkara Rd, Bellevue Hill, is listed with Di Wilson and Ashley Bierman of Ray White Double Bay.

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There are just nine residences in the high end development, that is almost complete.

Mansour and Boon would only say that the latest sub-penthouse buyer was a downsizer couple from Bellevue Hill.

The property’s size, location, and unparalleled finishes were key factors in their decision to purchase.

Mansour said: “The sale of the sub-penthouse at Billyard Ave demonstrates the unwavering demand for premium properties in this prestigious location.

“The unique features and the exceptional design of this residence have attracted buyers looking for something truly special.”

Along with the four bedrooms, the circa $24m sub-penthouse has four and a half bathrooms, three car spaces, and expansive living and dining areas.

The boutique block, Billyard Ave, has been extremely popular with eastern suburbs buyers.

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Located footsteps from the picturesque Elizabeth Bay Marina, the sub-penthouse is a single-level residence that combines grandeur with modern living.

Mansour said: “This sale not only underscores the rarity of house-sized apartments in the market, but also the continued trend of buyers looking to rightsize, rather than downsize, without compromising on luxury.

“The demand for these unique residences is stronger than ever.”

Billyard Ave, designed by award-winning architects Adam Haddow and Victoria Judge from SJB, features nine exclusive residences ranging internally from 360 to 400 sqm, all of which offer a prestigious living experience.

The project is designed by award-winning architects Adam Haddow and Victoria Judge from SJB.

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The building will also showcase sculptures by renowned artist Mika Utzon Popov, further adding to its appeal.

Developer Peter Walsh from NorthEast Corp, in collaboration with Philippe Remond of P3 Living, is very proud of the project’s success.

“We envisioned a residence that met the needs of discerning buyers who value size, features, and finishes,” Walsh said.

“The local market’s reception has exceeded our expectations, proving that our vision resonates with those looking to embrace a luxurious lifestyle in the Eastern Suburbs.”

Andrew Pridham’s from MA Financial, as the project’s financial partner, also bought into the vision of Billyard Avenue.