Cashing in on an investment

Renos done . . . Leila McKinnon, who is selling her renovated investment apartment at Bondi. The Lilyfield home of Dorothy McRae-McMahon that sold for more than $1 million.
Nanjing Night Net

The heritage-listed residence at Glenwood, Blacktown, that is expected to sell for more than $600,000.

The Channel Nine presenter Leila McKinnon, who is a co-host of Weekend Today, is selling her apartment at Bondi. McKinnon owns the two-bedder with her brother, Daniel McKinnon, and his Fairfax financial journalist wife, Nicole Pedersen-McKinnon.

Since it was last traded for $618,000 in 2005, the apartment has been renovated with an open-plan gas kitchen and jarrah floors. In a small block of seven apartments in Bennett Street, it has two queen-size bedrooms, a white-tiled bathroom and a large living and dining area opening to a balcony with views to the ocean in the distance.

Also on title is a garage with mezzanine storage. The property, which is expected to sell for about $700,000, is scheduled for auction on September 22 through Bradfield Cleary agent, Mark Daley.

The doctor is in

A former operating theatre building, which is part of the extensive redevelopment of the Prince Henry Hospital site at Little Bay, was snapped up for $1,385,000 last week by a doctor from the north coast who intends to restore it and use it as his Sydney residence.

The building, on an 840 sqm block in Darwin Avenue, was sold two weeks before its auction, which had been scheduled for early September through Morton & Morton agent David Licul.

Snapped before auction

The Lilyfield home of Dorothy McRae-McMahon, who worked in international aid and community development for the NSW Ecumenical Council, sold last week for just over $1 million through McGrath Leichhardt agent Stuart Norman. The three-bedroom, weatherboard bungalow, set on a 249 sqm block in Maida Street, sold 10 days before its scheduled auction.

In a quiet street near the Bay Run, it has large rooms with high patterned ceilings and timber fretwork. Now retired, McRae-McMahon was a minister with the Pitt Street Uniting Church in Sydney. She has won many awards including the Australian Peace Award and the Human Rights Medal.

Early booking for B&B

Belvedere, a former bed and breakfast establishment at Burradoo in the southern highlands, sold before its scheduled auction through three Bowral estate agents: Angus Campbell-Jones, Margaret McCauley and Ian Rayner. The 4453 sqm Werrington Street property has beautiful views across the Wingecarribee River. Surrounded by established gardens, the house has five bedrooms, a gourmet kitchen and large formal and informal living areas.

Last month, Belvedere was listed with $1.5 million price hopes but the agents could not confirm its sale price because of confidentiality agreements. The vendor, Geraldine Broderick, intends to downsize to a smaller property in the Bowral area.

A little piece of history

At Glenwood near the Norwest Business Park, a heritage homestead (listed by Blacktown City Council) is set for auction on September 22 through John Russell of Richardson & Wrench Baulkham Hills. Named Isabella, the house has been restored by Wayne Stein and Donna Malcolm, who both work for Australia Post.

The house, which is expected to sell for more than $600,000, stands on a 611 sqm block that originally was part of a 50-acre [20-hectare] land grant made by Governor Macquarie to a former convict, John Gray.

This story Administrator ready to work first appeared on Nanjing Night Net.