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Sue Gibson knows her Perth mega mansion is an iconic property in Western Australia, built in an era of opulence on prime riverfront land at 89 Watkins Road, Dalkeith.
To meet current market demand, the luxurious 6406sqm block is set to be subdivided with five large elevated blocks to be hived off in the coming months. The iconic Bond mansion will remain intact - albeit it on 2518sqm - and is for sale with a price guide of offers over $20 million.
“The home itself is historic and there is nothing like it in WA so it would be devastating to see it go. However we have taken on prospective buyers’ feedback that the property is simply too big for the modern world and we have made the difficult decision to apply to the WA Planning Commission to subdivide the back into five lots,” said Ms Gibson who has lived at 89 Watkins Rd, Dalkeith with her family since 2011.
With a decision pending on July 1, the lots are expected to range in price and size with blocks varying between 722sqm and 819sqm. Blocks along Watkins Road are set to be 799sqm, 787sqm and 736sqm - all with elevated river views.
Ray White Cottesloe | Mosman Park Director Jody Fewster (nee Bond) is the marketing agent.
“The majority of the blocks will have views of the Swan River and access directly to foreshore via the Watkins Road cul-de-sac,” Ms Fewster said.
“The house will be retained as it’s simply too valuable to demolish. The replacement build would cost $35 million to $40 million.
“There has been significant interest in the land itself from a number of developers, so the opportunity is clearly very special and we have had a lot of interest locally and from overseas buyers too.”
The iconic Swan River house boasts a boat shed with direct river access and 270 degree views. The mansion is famous for its marble-floored ballroom, complete with a stage for a band, as well as an indoor gym, pizza house and cinema with 21 luxurious seats.
The residence was originally designed by renowned architect Geoffrey Summerhayes for the late Alan Bond, Ms Fewster’s father. Each set of owners since has enhanced and updated the property to ensure its classic contemporary style is honed to perfection.
