Art dealer Denis Savill spent a lot of time on real estate during Covid and sold an apartment in Bellevue Hill for $1.7 million higher than the price paid in August last year.
Four bedrooms and four bathrooms apartment is located in 1/33 Benelong Crescent It has been sold for $6.65 million, which is $1,735,000 higher than the $4,915,000 when he bought it.
Although the stamp duty cost of the initial purchase was close to US$300,000, Savill did a good job.
Matt Kemmeny and Andrew Thomas of the Ray White Rubinstein Group are sales agents.
Savill said: “We have two people fighting for it-one of us gave me more money, but I like our buyer-his wife is very charming.”
Savill said that since the artist Sara Cusack Cox bought the property at a discount of $600,000, he has not made any improvements to the property. The original price was $5.5 million.
“I haven’t touched it—I’ve never even lived there.”
Cox stayed on the property as a tenant, and her lease expired in November.
“I brought her some flowers this morning-I can’t tell her the price,” he said.
Savill said it was a “lucky luck” that he even bought the property in August last year.
“On the day I bought it, I drank a lot of whiskey… When I finished the bottle, I bought this place!”
This four-bedroom, four-bathroom house was renovated in a French provincial style and has a property of 467 square meters.
There is a sunny terrace and Juliet balcony, from the upper level you can enjoy the view of Bellevue Mountain and the harbour; private elevator access and double garage.
The garden features a mosaic-tiled swimming pool. Cox bought it for $3.09 million in 2013.
When Savill snapped it up, the real estate market was still in a downturn caused by Covid. He told The Courier at the time: “I have experienced these ups and downs-in good times, I pretended to be a squirrel and put some nuts aside, but now I have to spend money… I decided to let go The end of August and September.”
He also spent $200,000 to purchase 27 items from the estate of his art collector friend John Schaeffer, as well as Arthur Boyd (Four Times a Day) that he bought privately from Victoria. Arthur Boyd) and other artworks.
His other purchase was a Port Douglas vacation, buying an invisible attraction for $420,000. He also owns another Port Douglas property, five Sydney properties and one Melbourne property.
He and his partner Anne Clark also bought their dream miniaturized house on Rosemont Ave in Woollahra for $7.55 million in May.
After his Paddington Gallery is sold, it will be auctioned tomorrow. He and Annie plan to spend more time traveling in Australia.