Secret sky-high Sydney penthouse shell has sat untouched since the 1980s

Secret sky-high Sydney penthouse shell has sat untouched since the 1980s

A secret sky-high space in inner Sydney that has remained empty for more than 30 years is now on the market with a $10 million price tag.

While plenty of real estate ads claim the cliche of a “blank canvas”, this Potts Point penthouse atop a former hotel is actually just that.

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With no walls, no flooring and no ceiling in place, the 414sq m shell is as close to a vacant block of land you’re going to find on the fringes of Sydney’s CBD.

Marketing agent Darren Curtis of Christies International Real Estate said the unique listing has sat relatively untouched since the original building was constructed in the early 1980s.

Despite the complex at one time operating as the Sydney Hyatt and then the Millennium Hotel, neither business nor the owning corporation Kingsgate chose to develop the space.

By 2006, the address was redeveloped into residential apartments which were eventually sold off.

Fast forward to 2019 and the hidden penthouse shell is finally up for grabs.

“In all that time it has really not changed. If you walk in today it’s much the same as it would have been in the 1980s. It’s really as though it is a new development that has never been used and now someone has the chance to create something of their own,” Mr Curtis said.

The $10 million to $10.5 million price guide is based on $23,000 to $25,000 a square metre — the going rate for other significant penthouse properties in the area, according to the agent.

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“To find a space like this that is undeveloped, rather than redeveloped, is very unusual.

“And the fact that this is completely untouched will absolutely be a drawcard for the right buyer,” he said.

“I think that the ever-changing feel of this neighbourhood is just adding to the appeal for downsizers. They want to have the convenience of the city with that lock up and leave lifestyle,” Mr Curtis said.

The grand hexagonal apartment at 82-94 Darlinghurst Rd crowning the landmark 37-floor Zenith building offers 360-degree views of the city and harbour, has a grand rooftop terrace, plus eight individual balconies, private elevator access from the underground car park where there are three spaces on titles and a host of five star facilities including an outdoor pool deck, gym, sauna and 24-hour concierge.

At street level there is a shopping centre with supermarket and Potts Point’s popular cafes are on the doorstep.


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