A sneak preview of a boutique development in Rose Bay over the weekend saw 30 per cent of apartments sell, with some buyers wanting to amalgamate apartments to create a three bedroom residence.

With an estimated retail value of $35 million, the project is offered through Ray White Projects and Moshav Financial.

Officially launching to the public in two weeks, the project is located on the corner of Hamilton and Old South Head Road, Rose Bay. The architecturally designed Hampton consists of 32 apartments and three retail shopfronts.

Appointed to sell the Hampton apartments, Director of Ray White Projects, Eddie Mansour said initial interest from local owner occupiers was strong.

“Over Saturday and Sunday we unveiled the display suite to a selection of buyers. Opportunities of this calibre in Rose Bay are rare and, as expected, we saw serious interest early in our campaign.”

Group Managing Director of Moshav, Tal Silberman, is a long-time resident of Rose Bay and said the area was in need of more residential properties.

“We researched the location and found a considerable need for additional residences. As a local of Rose Bay, I believe that more dwellings are needed in the area to support the local shopping strip and village atmosphere.

“I have always looked for sites that are neglected and in need of inspiration. This site was three fragmented lots with ageing improvements. Through Hampton, we aim to present a building that not only engaged the surrounding properties but also made a statement,” he said.

The developer, Moshav, Architect, CSA, and builder, Duffy Kennedy, are all local eastern suburbs businesses.

Price guides
Studios (41 – 43m² internal) start at $749,000.
One bedroom apartments (50 – 72m² internal) start at $879,000.
One bedroom with parking (67 – 72m² internal) start at $1.25m.
Two bedroom apartments (70 – 74m² internal) start from $1.399m.

Posted on August 3, 2016 in Ray White Media