Mosman notches up its biggest sale for 2019, as buyers pick up pace
Mosman has reportedly notched up its biggest sale of the year as the suburb’s prestige market shows signs of life.
It’s been a slow start to the year for properties with double digit price tags.
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Just take a look at the view
The first one, the $11.1 million off-market sale of a top floor duplex in The Grove, has now reportedly been trumped by the sale of a luxury turn-of-the-century home on the Balmoral slopes.
Almora House, set on a northeast-facing 1485sqm block, is owned by Simon Clausen, one of Australia’s most high profile technology investors.
He and wife Alexandra paid $12 million for the grand estate in Almora St, in 2009.
Jonathon De Brennan, of De Brennan Property, would not be drawn on the sale price — both Mr Clausen and the purchaser have strict confidentiality clauses in the contract.
“All I can confirm is that it’s sold for more than any other property in Mosman this year,” he said.
“We did have quite a lot of interest from locals and foreign buyers as well, and ex-pats.”
Once settled, property title records are likely to reveal the home sold for well over what the Clausens paid for it.
Almora House was on the market for just over 60 days, and came three weeks after the expressions of interest campaign closed. The relatively quick sale is a major boost for confidence in Mosman’s prestige market.
Mr Dr Brennan said more than 100 people looked at the property during the campaign, off the back of more than 230 inquiries.
He said there was a marked increase in the number of offshore buyers looking at high end properties, and locals were also showing more interest.
“I wish I had more of those properties to sell,” he said.
The fully fenced and gated Almora St property has unfettered views across Middle Harbour, and is surrounded by established gardens to maximise privacy. It is within Balmoral Beach and the village.
Features include parklike gardens and lawns, with water features and pond areas, formal entry with crystal lighting, five bedrooms, wine cellar and upper level retreat.
Simon Clausen first hit the headlines in 2008 when he sold his anti-spyware business, PC Tools, for $US262 million to US group Symantec. He now runs technology start-up investor Startive Ventures, and is based in Switzerland.
The Clausens are also selling another luxury property in Hudson Pde, Clareville. The architecturally designed home won a prestigious Master Builders Association Excellence Housing Award in 2011.
It is listed with Mr De Brennan and has a price guide of $12 million. The couple are clearly in no hurry to sell — the property has been on the market since 2016, according to CoreLogic records.
Meanwhile, in New York, Mr Clausen has put an apartment in the Trump International Hotel and Tower on the market for more than $32 million (US$22.9m), significantly more than the US$13.1m he paid in 2009.
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