This article is from the Australian Property Journal archive
JDH Capital’s $300 million high-end Nautique apartment project – on the redeveloped site of an old Vibe Hotel by Rushcutters Bay Park – is edging towards 50% sold out just weeks before its official launch.
The luxury project was launched two years ago and generated $140 million worth of sales in just hours. JDH Capital acquired the site for $125 million.
Among the well-heeled buyers are the chairman of electronics and appliances retailer Bing Lee, Lionel Lee, who bought two two-bedroom apartments with parking for his children. Orthopaedic surgeon, Dr Geoff Rosenberg and the executive officer of the Australian International Development Network, Julie Rosenberg, bought a one-bedroom plus study for their daughter.
Oliver Workman, managing director of a lighting business, bought a $3.2 million two-bedroom unit with parking for his daughter, whilst Peter Wilding, the CEO of Ian Malouf Family office and Bingo founder, bought a $3.5 million two-bedroom apartment with parking.
Developed by JDH Capital, developer of Sirius building in The Rocks precinct, Nautique comprises an 117 ultra-luxe residences ranging from one to three bedrooms and will be crowned by a 237 sqm penthouse overlooking the picturesque Sydney Harbour. The sprawling four-bedroom penthouse, set over 3 levels, features 313 sqm of indoor and outdoor living space, while finishes include natural stone, Oak timber veneer walls along with Wolf and Sub-Zero appliances.
Nautique’s top floor inclusions will feature a rooftop pool deck with Sydney Harbour views and a veggie garden.
Nautique stands as the first major apartment development in Rushcutters Bay in over 13 years.
“Nautique represents a unique blend of sophisticated design, unmatched amenities, and a community-oriented lifestyle. This project is a testament to our dedication to providing unparalleled experiences for our residents,” said Jean-Dominique Huynh, founder of JDH Capital.
Nautique will also boast a Vault House Group dining and workspace venue on its ground floor. Buyers will have access to Vault House facilities within the project and also receive a 12-month exclusive membership to the Vault House Group including venues such as the Berrima Vault House, and the recently opened Clarence Vault Rooms.
David Highland, CEO of Highland Property Group, said “We want buyers to realise that they’re not just purchasing a home; they’re investing in a unique lifestyle and experience that you won’t find elsewhere in the market”.
A 24/7 concierge service is accessible via a porte-cochère, as well as two shared branded cars for use by Nautique residents.
Residences are priced from $1.1 million.
Construction on Nautique is now underway with the project expected for completion in May 2024.
In August last year, JDH Capital spent $210.5 million acquiring the Sir Stamford Circular Quay hotel site, where it plans to to its portfolio of high-end residential redevelopments. It is expected to take on the existing plans for a $380 million luxury apartment development on the 93-97 Macquarie Street site, close to the Opera House and Royal Botanical Gardens.
