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Racing prince’s spring carnival punt on his landmark $50m Point Piper home - SMH
The Spring Racing Carnival isn’t the only high-stakes competition capturing the hearts and wallets of more than a few Sydneysiders of late. It’s also peak house selling season, as Coolmore Australia boss Tom Magnier well knows.
Magnier’s Sydney home is the historic Point Piper residence Notrella that was built in 1904 in the Queen Anne Federation style and was later home to The Bulletin’s co-owner Jules Archibald, namesake of the prestigious art prize, until he died in 1919.
The 990 square metre parcel first traded at the turn of the century as land when sold by Sir Daniel Cooper for £505, and is now on offer quietly for more than $50 million through Forbes Global Properties’ Ken Jacobs.
Tom Magnier’s Coolmore Australia is part of the global breeding giant Coolmore
Magnier, the son of Irish businessman John Magnier, whose global Coolmore breeding operation is regularly billed the largest in the world, has owned the Wolseley Road house since 2006, having purchased it for $13.8 million.
Perhaps coincidentally it’s set at the northern end of Point Piper looking north over the site of what was once the Paradis sur Mer trophy home (long since demolished) that was owned in the 1980s by Magnier snr’s former Coolmore partner and family friend, the late Robert Sangster.
The 1904-built residence Notrella was once home to Jules Archibald, of the prestigious prize for portraiture.
Set behind a heritage facade, it is an eight-bedroom house (including both self-contained apartment and separate guest quarters) with formal and informal living areas, garaging and a swimming pool.
The upcoming sale follows Coolmore’s purchase of John Singleton’s Strawberry Hill stud at Mount White on the Central Coast in September for more than $30 million.
