This Art Deco-style gem has a guide price of $1.3 million-a bargain because the single bed in the same iconic block was recently sold for $2.22 million.
In the famous Macleay Regis, 301/12 Macleay Street, Potts PointOwned by accountant Jenny Pennells, it is also a single room, which will be auctioned on July 6 through Nuri Shik, the head of Laing + Simmons.
Shik’s offer ranges from 1.3 million US dollars to 1.43 million US dollars.
The apartment sold at auction for $2.22 million in April is on the other side of the block with views of the harbor, and this apartment is on the side of the street.
However, this streetscape on the third floor is lined with trees.
It represents an affordable entry point into the treasure trove of decorative arts.
Macleay Regis has become a haunt of the rich and famous. Famous owners include Gretel Packer, winemaker Sir James Hardy, and actors David Wenham and Craig McLachlan.
This 80-square-meter unit-last traded at $820,000 eight years ago-has been tastefully refurbished, retaining its important architectural design features.
Equally attractive are the polished herringbone parquet floors, high ceilings, a large living room with a characteristic fireplace and classic ornate cornices.
The tall windows allow the interior to be bathed in natural light, and French doors lead to the iconic curved balcony.
Features a Caesarstone kitchen with Smeg gas stove and an authentic Art Deco bathroom with original cast iron bathtub and pedestal basin.
There is also a king-size bedroom.
Macleay Regis was built in 1938, inspired by the Rockefeller Building in Manhattan.
It was designed by leading architectural firm Pitt & Phillips, who are prolific apartment architects, and Macleay Regis is one of their biggest commissions.