Gerry Rihs-designed contemporary residence on Sydney Harbour listed with $10 million hopes
Race car enthusiast Scott Shearman has listed his Double Bay beachfront reserve residence in Sydney's east, with $10 million hopes. It was bought from the Loblay family in 2007 for $7 million. The 565-square-metre block, with Gerry Rihs-renovated residence, has been listed through Jamie Upton of Savills.
It's the reputed site of the first 18-Footers Club. The property was held by rugby league pioneer Dally Messenger's family until 1985, when it sold for $330,000. It was sold to the Loblays in 1993 for $1.15 million. Shearman sold his David Katon-designed unit in Billyard Avenue, Elizabeth Bay, for about $1.4 million through Upton in 2007. Expressions of interest close April 23 on the Stafford Street Double Bay holding. Shearman, who runs the Melbourne-based family business, initially wanted $10 million plus when he briefly listed in 2009.
Prospective buyers are being advised the nearest comparable sale was when Westfield scion Peter Lowy, the Los Angeles-based co-chief executive of the Westfield Group, spent $10.35 million earlier last year.
