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Strictly ballroom: record $8m for unit without view

Despite much news about a slow down in the Sydney property market through out 2005, lots of positive signs continue to emerge in 2006 including this article on the record price for an apartment without views of the harbour.

THE ballroom apartment in historic Babworth House at Darling Point has been sold for $8 million, setting a record price for a unit without harbour views.

The grand 560-square-metre apartment that comes with a 390-square-metre garden was snapped up pre-auction by a Hong Kong-based expatriate who will rent it out until his return.

The two-storey apartment, offering the high life in a low-rise, initially sold off-the-plan in 2001 at $5.6 million when bought by the recruitment industry executive Phil Kerry and his wife, the Fox Sports presenter Ann-Maree Kerry, a 1984 Los Angeles Olympic Games gymnast.

With an eclectic mix of Edwardian, Art Nouveau and Federation styles, Babworth House was built costing £40,000 in 1915 for the retailer Sir Samuel Hordern, and his wife, Charlotte, daughter of the NSW premier Sir John See.

For most of the past five decades Babworth's 26-bedroom accommodation was used by the Sisters of Charity, but also as a location for two films, Kitty and the Bagman and Careful He Might Hear You.

The Kerrys' six-bedroom south-west corner apartment, with a big-house feel and a big-house price, comes with gentleman's smoking corner, ballroom and billiard room, heavily panelled in English oak, plus formal grounds.

"But it's not all old-world, as its state-of-the art European kitchen comes with a fishtank splashback," said the selling agent, Martin Maskin of Raine & Horne.

Babworth's five apartments - four in the two-storey house and another in its expanded cellar/servants quarters space - grossed $25.6 million for its developers, who paid $5.25 million for the house in 2000.

Honours for Sydney's highest priced unit belong to the broadcaster John Laws and his wife, Caroline, who spent $15 million in 2004 to extend their Woolloomooloo Wharf holding, which had cost $3 million in 2000.

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