International buyer nabs Soheil Abedian’s Lumiere penthouse for $4.5m

The Lumiere penthouse has sold for $4.5m.

Multimillionaire developer Soheil Abedian has sold his Broadwater penthouse Lumiere for $4.5 million.
It has been a rollercoaster campaign for the property at 230-236 Marine Parade, Labrador, since it hit the market in June.
Initially scheduled to go to auction, Mr Abedian decided to cancel the event after lockdowns hindered potential interest from interstate buyers.

Soheil Abedian, head of Sunland Group, has sold his penthouse in the Lumiere building. Picture: Richard Gosling

He instead put it on the market “priced to sell” at $4.9 million but when it failed to sell, he opened the listing up to other agencies.
A deal was done this week through Michael Kollosche and Rob Lamb of Kollosche, with the help of colleagues Sam and Julia Guo.
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It was acquired cash unconditional by an international buyer, currently residing in Southeast Asia, after a virtual inspection. Mr Guo said he intends to use it as a base when he can travel to Australia on holidays or business.

The Lumiere building on the Broadwater.

Mr Guo said the buyer had been looking for an apartment for some time and was attracted to Lumiere for its low-maintenance, lock-up and leave qualities.
The waterfront 650sq m, three-bedroom penthouse has been home to Mr Abedian, who founded Sunland Group, and his wife Anne, since the early 2000s when the 22-storey residential building was built.

Mr Abedian designed the penthouse.

Mr Abedian said the Labrador abode had been a haven for the couple.
“Apart from its location away from the hustle and bustle, my favourite feature of the property is the panoramic views which provide an ever-evolving, moving picture from every vantage point within the apartment,” he said.

It has been a refuge for Soheil and his wife since the building was built in 2003.

“We love to watch the change of the tides, boats mooring, the kite surfers, and even whales passing by. It is a marvel.”
The apartment has expansive open-plan living, dining, and entertaining areas, with luxury inclusions such as Calacutta marble and his signature gloss black limestone tiles. There is also a fireplace, library and media lounge and residents have full use of the building’s communal facilities.

In sold to an international buyer.

While the price achieved was less than that originally listed, Mr Guo said the Abedians were very happy with the sale paving the way for them to take up residency in their penthouse at Sunland Group’s latest project, 272 Hedges Avenue in Mermaid Beach, which has now been topped out.

The buyer intends to use it as a base on trips to Australia.

Mr Abedian designed his apartment atop the sold-out Mermaid Beach development, and said: “I very much enjoy designing but I love designing for myself and it has been a lot of fun etching out the unique features that make up the setting for the incredible next stage of our lives together.”

It sold after one virtual inspection by the buyer.

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