John McGrath sells Walsh Bay penthouse: ‘My next home will be a house where I can have dogs’
Sydney’s best known real estate agent, John McGrath, has confirmed he has sold his Walsh Bay penthouse, saying he wants to buy a house where he can have “a couple of dogs”.
Mr McGrath is understood to have sold the split-level penthouse with Harbour Bridge views at the northern end of The Pier at Walsh Bay for about $8.5 million through Tasman Fallshaw, from City Living.
While not confirming the price, Mr McGrath, 55, told the Wentworth Courier exclusively:
“After living in the Walsh Bay region for well over a decade, I have decided my next venture in property will be to have a house where I can enjoy having a couple of dogs particularly near parklands.
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“While I have enjoyed the apartment precinct in one of Sydney’s best located harbourfronts and watch it evolve into a world class residential area, the body corporate simply doesn’t allow for pets.”
“I am actively now looking for the right place for my next move.”
Mr McGrath bought the three-bedroom, four bathroom apartment, which comes with double parking and a private 18.5 metre marina berth for $6.95 million in 2011.
Although Mr McGrath didn’t address the issue in his written statement to the Wentworth Courier, McGrath insiders laughed off speculation that the sale was to help pay off gambling debts.
One report last February said Mr McGrath had a $16.2 million gambling debt to the Tom Waterhouse owned gambling company William Hill Australia, but Mr McGrath had denied he owed funds to anyone.
The McGrath insider told the Wentworth Courier that “no malice” was intended by Mr McGrath’s sale being transacted by another agency.
“It was an opportunistic purchaser who was introduced by another agency,” the insider said.
It’s known that potential buyers had been shown through Mr McGrath’s penthouse in July.
At the time, Mr McGrath told the Wentworth Courier: “I had an approach from an agent who had heard that I’d asked body corporate several times for approval to have pets and had been knocked back.
“So a proactive agent called and said they had a buyer.”
He added: “Ideally I want somewhere I can have a pet but haven’t found anywhere.”