Championship thoroughbred horse owner Fergus Doyle now possesses one of Sydney Harbour’s best vantage points after an $11 million property play on the north shore.
Mr Doyle, a part-owner in the 2014 Melbourne Cup winner Protectionist, purchased the sleek four-bedroom Lavender Bay residence from businessman Joseph Chou and his wife Suzanne Ho.
The off-market deal believed to be worth around $11 million was struck by Ray White Lower North Shore’s David Gillan and appears to be a downsize move for Mr Doyle, who also has a home in Longueville.
The sale comes seven years after Mr Chou, head of property investment firm Ironfish, paid $5.6 million for the apartment, according to CoreLogic. Property records also reveal Mr Chou and Ms Ho have moved into a $7.13 million penthouse nearby.
The Lavender Bay property is the latest in a string of big ticket apartments to sell on the lower north shore in recent months. In April, Rugby Australia’s Peter Wiggs set the north shore apartment record after paying $21 million for a penthouse in McMahons Point, while Cheryl Savage, the widow of former David Jones chairman Bob Savage, paid $12.5 million for a new residence.
Mr Doyle’s new apartment is located in a duplex and has four balconies, three bathrooms and a double garage across two floors. There is also a mixture of formal and informal spaces for entertaining and dining.
The apartment’s main drawcard is the gun barrel views of the Sydney Harbour Bridge and Opera House.