Mosman’s first double-digit sale of the year looks set to be a Balmoral slopes grand home that changed hands only last year.
Seven months was all it took for eastern suburbs couple Andrew and Emma Gray to decide Mosman wasn’t for them after all.
Andrew is co-founder of the private equity firm Potentia Capital with strong connections to Sydney’s east.
The couple paid $17m for the Federation mansion Cambria last July and then sold their landmark Bellevue Hill estate Rothesay a few months later reportedly for $37m.
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However the Grays didn’t actually move into their new Mosman home, are spending more time overseas and were instead toying with the idea of renting it out for five years.
Selling agent Michael Coombs, of Atlas Lower North Shore, said there were plenty of prestige buyers around and was confident he could achieve a great price for the Balmoral home with its prime location and water view, so the four-bedroom mansion on 1740sqm of land is back on the market.
“I have no concern that we can’t sell it again for a great price,” Coombs said, adding he was aiming for a repeat of the $17m sales price.
The Balmoral Ave property is a walk to the beach, transport, schools, village cafes and dining and has water views over Balmoral and beyond.
Features of Cambria, c1906, include designer interiors, an award-winning marble kitchen, Wolf appliances, a manicured garden with wet-edge pool, main bedroom suite with water view balcony, open living and dining areas, family and rumpus rooms and a 1500-bottle wine cellar.
The house has a luxury style while remaining true to its timeless character.
Story Credit: news.com.au