Woolloomooloo Wharf apartment sells for circa $12m
A Wollongong car dealer and developer sold his Woolloomooloo Wharf apartment within days of listing for circa $12m.
Michael Corban, who runs Corban Automative in Wollongong along with several other businesses and is also a property developer, bought the apartment in Woolloomooloo’s Finger Wharf at 327/6E Cowper Wharf Roadway for $3.4m in 2011.
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He listed it with LJ Hooker Double Bay’s David Malouf in an expressions of interest campaign with a guide of $10.5m to $11m, who had it sold within five days.
Corban, who developed the Novotel in Wollongong in the early 1980s, said: “I was very impressed.”
It was a huge week for Malouf, who notched up $20m worth of big deals.
But the wharf sale was the highlight.
He quickly had young families and corporate couples interested in the penthouse-style residence, with four bedrooms, four bathrooms and four car spaces.
It’s an amalgamation of three apartments — 300 sqm of internal space — and has been dramatically transformed in a recent designer renovation.
The residence has a range of living and entertainment areas with harbour views and a new kitchen with top-of-the-range European gas appliances, including a double Miele oven, steamer and Bosch gas cooktop.
There’s also a butler’s pantry and plenty of storage.
Accommodation comprises four large bedrooms. The master features a boutique-style dressing room and a chic ensuite with a double shower, steam room and jacuzzi.
Other highlights are a home cinema, zoned ducted airconditioning, brand new French Oak Herringbone floors and European Sisal carpet in the bedrooms.
The three bathrooms and guest powder room all feature underfloor heating.
bedrooms are appointed with built-in wardrobes and the guest suite includes a walk-in dressing room and a chic full sized ensuite.
Further highlights include a home cinema, zoned ducted airconditioning, brand new French Oak Herringbone floors and European Sisal carpet in the bedrooms. The three deluxe bathrooms and guest powder room all feature underfloor heating.
The follows another big $12m sale at Walsh Bay.
Rowena and Wayne Hamilton, who were stranded on the Greg Mortimer cruise ship off Montevideo last March when passengers tested positive to COVID-19, had bought a two-storey apartment on the sixth (top) floor for $11m on December 22 last year.
But insiders they recently sold it due to a change of circumstances.
Originally published as Woolloomooloo Wharf apartment sells for circa $12m
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