Sydney boatshed will set you back $35.5m

This boatshed on the Point Piper waterfront in Sydney is for sale for $35.5 million.
SOTHEBY'S INTERNATIONAL REALTY

This boatshed on the Point Piper waterfront in Sydney is for sale for $35.5 million.

In New Zealand, we think $700k is an inordinate asking price for a boatshed, but how about $35.5 million?

This boatshed in Sydney is on the market for A$33 million. Sure, it is Point Piper, home to the rich and famous, and it does come with four berths and a pool, and you could live in it, but is still technically a boatshed.

Sotheby's International Realty says the boatshed has come onto the market for the first time in 70 years, and "nothing can compare with this property's rarity, charm and prized position in Australia's most prestigious enclave".

The upper level contains bach-style accommodation.
SOTHEBY'S INTERNATIONAL REALTY

The upper level contains bach-style accommodation.

Of course, council permitting, you could probably build a proper house on the site, which is a little under 2000 square metres. Neighbours in the suburb would include car sales magnate Sir Neville Crichton, who recently traded down in the same suburb, selling his extra-large waterfront property for $62.9 million and buying another waterfront beauty for around $33 million (which is still cheaper than the boatshed). Mind you, he is planning A$850,000 worth of renovations.

READ MORE
* See inside Sir Neville Crichton's new Point Piper mansion
* Luxury car salesman Neville Crichton sells Point Piper mansion for $63m
* Central Auckland boatshed selling for $700k

 
The building, which dates back to 1910, is a classic boatshed style.
SOTHEBY'S INTERNATIONAL REALTY

The building, which dates back to 1910, is a classic boatshed style.

Domain says this boatshed belongs to a company owned by the wealthy O'Neil family – company directors are Colin and Rodney O'Neil. 

The property is best known for hosting various family 21st and 50th birthday celebrations. It has also been used to moor the various floats owned by property developer and former Olympic sailor Denis O'Neil.

Another family-owned boatshed a few doors away – owned by a company name headed up by Denis O'Neil – is currently before Woollahra Council amid plans to demolish it and build a dual-occupancy residence at a cost of $11.5 million

All the original trusses and columns remain exposed on the upper level.
SOTHEBY'S INTERNATIONAL REALTY

All the original trusses and columns remain exposed on the upper level.

This boatshed has an open-plan living area and four bedrooms squeezed in. But the building is still referred to as a "boatshed" on the title, not a house.

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The O'Neil family, which has owned the property for many decades, put in a lap pool.
SOTHEBY'S INTERNATIONAL REALTY

The O'Neil family, which has owned the property for many decades, put in a lap pool.

And this is the real magic - four deepwater berths.
SOTHEBY'S INTERNATIONAL REALTY

And this is the real magic - four deepwater berths.

The property is ripe for development.
SOTHEBY'S INTERNATIONAL REALTY

The property is ripe for development.

This aerial view shows the property at the end of a right-of-way.
SOTHEBY'S INTERNATIONAL REALTY

This aerial view shows the property at the end of a right-of-way.

They probably don't come much better than this.
SOTHEBY'S INTERNATIONAL REALTY

They probably don't come much better than this.

The building is described as a 'boatshed' on the property title.

The building is described as a 'boatshed' on the property title.

 - Homed

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