Three Of Sydney CBD's Most Luxurious Penthouses
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Three Of Sydney CBD’s Most Luxurious Penthouses

Sydney’s prestige market is looking up, here’s three of the best on the market right now.

By Terry Christodoulou
Tue, May 18, 2021 4:51pmGrey Clock 3 min

The last few years has seen a considerable uptake in apartment living across Sydney, notably in the prime market as driven by a slew of new luxury developments.

It’s meant recent Australian sales records – cue Crown’s One Barangaroo and its waterside neighbour, One Sydney Harbour – as purchasers look to secure a standout property and also embrace the benefits of expansive inner-city living.

While the penthouses of the aforementioned towers are now gone, there remains some unique, cloud-catching CBD abodes available.

Here, three of the best to purchase now.

 

3303/203 Castlereagh Street, Sydney, NSW 2000

The Castle Penthouse, located in Castle Residences and designed by Candelepas & Associates architects, sees a 4-bedroom, 4- bathroom, 2-car parking residence delivered in the heart of Sydney’s CBD.

Here a rooftop terrace boasts breathtaking views over Hyde Park and the city skyline, with an extensive and undoubtedly luxurious finish by Studio Aria ensuring it is one of the finest properties in Australia.

The penthouse is reached via a private lift, through a double door entrance and sees opulent finishes including the use of stone benchtops, large porcelain tiles and bespoke joinery.

Expect an open-plan design, leading outwards to the buildings highly desirable winter gardens. It’s here you’ll find an opulent kitchen, complete with Gaggenau appliances.

The penthouse is also offers a  master bedroom that spans the top floor, and opens out to a sky garden with decked spa.

Those fortunate to call Castle Residences home will also enjoy various hotel amenities – such as pool and gym access as well as desirable in-house dining sourced via local restaurants such as Henry’s Bread and Wine, Dixon & Sons and Spice Trader. Meanwhile, housekeeping, concierge, valet parking and 24-hour security are all accessible via in-house app.

The property is expected to welcome residents from end of August 2021.

The listing is with McGrath Pyrmont’s Robert Alfeldi (+61 418 982 688); mcgrath.com.au

 

 Level 43/163 Castlereagh Street Sydney NSW 2000

 

Much has already been written about the Boyd Residence. The grand, lavish, award-winning penthouse sits some 180-metres above street level offering. 2395sqm in the heart of the CBD.

Spread across three levels comes 4-bedroom, 5-bathrooms and 2 car parking. Inside sees unprecedented levels of privacy and opulence, with 24-hour security.

Accessed via private lift, it opens to a glass wall with built-in champagne storage. Elsewhere a sleek fireplace, multiple seating groupings and walls of glass take in the panorama of the city.

Each bedroom suite arrives with a marble bathroom, while the rest of the residence is framed by double-height ceiling and dramatic walls of glass.

Also, a resort-style private rooftop pool tops the living space, adding further luxury to the pad.

The listing is with Christie’s International’s Ken Jacobs (+61 407 190 152) and LJ Hooker Double Bay’s Bill Malouf (0411 428 354); theboydresidence.com.au

 

 

83.01/115 Bathurst Street, Sydney, NSW 2000

Known as the ‘King’ Penthouse, comes this luxurious pad inspired by the global cities of New York and London.

Here, at the very pinnacle of the Greenland Centre tower comes panoramic views of the CBD, Blue Mountains, Hyde Park and Sydney Harbour.

The 4-bedroom, 4-bathroom, 4-car parking penthouses offers sophisticated details, with glamorous stone island benchtops in the kitchen and concealed scullery, to towering balconies overlooking Sydney.

The master bedroom features an opulent dressing room that opens to reveal handsome timber-panelled interiors with wide drawers and open display shelving for all your finery, handbags, watches, belts and scarves

The master bathroom is cloaked in emerald green marble and features high-quality fixtures, a free-standing bath and heated towel rack bringing minimalist glamour while a soaring skylight adds luminous radiance.

Further amenities include a 30-metre outdoor pool, gym, spa, sun deck, and multi-function residents’ room.

Contact Ben Stewart (+61 412753740) of CBRE for more information; thegreenlandcentre.com.au

 



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11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

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Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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Deloitte Access Economics Partner David Rumbens said the surge in business insolvencies this year was a “clear sign of economic distress”.

He commented: “[ASIC] predicts that by the end of the financial year, the number of companies entering external administration will likely exceed 10,000 – a level not seen since 2012-13, in the aftermath of the Global Financial Crisis (GFC).”

Mr Rumbens said the elements contributing to this year’s surge in insolvencies include high inflation and interest rates, weak consumer spending, and the commencement of more proactive tax debt collection activities by the Australian Taxation Office (ATO).

“One of the key factors contributing to this surge in insolvencies is the [ATO] pursuing debts that were previously put on hold during the COVID-19 pandemic,” he said.

Mr Rumbens cited ATO figures showing collectable debt rose 89 percent in the four years to June 2023. This has particularly impacted small businesses, which account for approximately 65 percent of the total debt owed at about $33 billion. “But more strictly enforced debt collection is coming at a time of tough economic conditions. High interest rates and cost-of-living pressures have weakened consumer spending, particularly in more discretionary components of spending.”

The construction sector has seen the highest number of insolvencies by far in FY24, mirroring the trend of FY23. Of the 9,988 insolvencies to date, 2,711 of them are in the building sector, which faces several challenges. These include a substantial lift in the cost of construction materials that is well above inflation and has made many fixed-price contracts signed within the past few years unprofitable. There is also a significant labour shortage that is delaying new home completions and new project starts, and also adding higher costs to projects.

“The construction sector has been hit particularly hard, with construction firms leading industry insolvencies in every quarter since mid-2021,” Mr Rumbens said. “They have accounted for approximately 25 percent of all insolvencies during this period. The residential construction sector is already facing a backlog of projects to complete as a result of skills and material shortages in recent years, and increased insolvencies in the sector may only exacerbate the problem of housing shortages.”

The ASIC data shows the next biggest industry affected is ‘other services’, which includes a broad range of personal care services such as hair, beauty, dietary, and death care services. The sector has seen 939 insolvencies in FY24. Retail trade is next with 687 insolvencies, followed by professional, scientific and technical services with 585 insolvencies.

“The food & accommodation sector has also experienced a wave of insolvencies. High input costs, worker shortages, and weak consumer sentiment have put pressure on businesses. Specifically, in March, cafés, restaurants, and takeaway businesses accounted for 5.5 percent of total business insolvencies, the highest proportion in the last three years.”

Mr Rumbens pointed out that while the number of insolvencies was high, it represents a lower share of the business sector at 0.33 percent than it did in FY13 when it was 0.53 percent. “This reflects the increase of registered companies in Australia, which has risen from just over two million to 3.3 million since 2012-13. Even so, the continued lift in insolvencies since 2021 highlights the difficult conditions many businesses face at present.”

 

 

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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