Proof Sydney’s property boom is out of control: ‘Vintage’ boat shed with NO house hits the market and expected to sell for eye-watering $40MILLION
- Vintage boat shed with no house expected to become most expensive property
- 1973sqm parcel in Point Piper in Sydney’s eastern suburbs to sell for $40million
- Boat shed and pool considered the best private owned water facilities in Sydney
- The elusive shed has three floors with an open plan kitchen and three bedrooms
A vintage boat shed by the harbour with no house attached to it is set to sell for $40million and become the most expensive property to sell in Sydney this year.
The 1973sqm parcel of land on 29A Wunulla Rd in Point Piper in the prestigious eastern suburbs is being offered to buyers with an eye-watering $37m-$40m price tag.
While the land has no house on site, the boat shed and pool area is considered to be the best privately owned water facilities in the Sydney Harbour region.
29A Wunulla Rd in Point Piper in the prestigious eastern suburbs, is being offered to buyers with an eye-watering $37m-$40m price tag (pictured)
The boat shed (pictured) is considered to be the best private owned water facilities on Sydney Harbour region
‘To get just under 2000sqm and level at the water is almost impossible to find, let alone with the ability to build what you want,’ Ken Jacobs of Christie’s International told realestate.com.
The elusive boat shed offers three floors of open plan living, with the first floor boasting a warehouse style space to house multiple water vehicles.
Upstairs offers apartment-style accommodation with a timber topped gas kitchen, three bedrooms and two bathrooms.
The luxury swimming pool comes with boating facilities including two jetties and four boat moorings that can house a 26m vessel.
Mr Jacobs, who is selling the property with colleague James Hall, said the possibilities are endless with the Wunulla Rd property.
‘You could live comfortably in the boat shed while you either look to add on it or build a new residence.’
The 1973sqm parcel has been approved for R2 Residential zoning to construct low density residential properties
The boat shed offers open plan living areas with high ceilings overlooking the Sydney Harbour (pictured)
The block has been approved for R2 Residential zoning, which permits the construction of low density residential properties such as dwelling houses and dual occupancies.
Other features include high ceilings, ample off-street parking, a double carport and an outdoor entertaining space.
Mr Jacobs said the property has already generated substantial interest from local and international buyers.
‘We are already getting an extraordinary volume of inquiry from expats overseas and from Chinese buyers looking to make a permanent move to Australia,’ he said.
Upstairs inside the boat shed offers apartment-style accommodation with a timber topped gas kitchen (pictured)