Gai Cottee, of cordial and soft drink family, lists Newport beach house for $12m

Gai Cottee, of the Cottee’s soft drink and cordial family, has listed her long-held beachfront home in Newport for $12 million.

Burrangarra was one of the first homes built on the beachfront ridge in 1915 and has been held by the Cottee family since 1971 when it sold for $72,000 by Pymble-based vet Bruce Heffer.

The four-bedroom house is set on a double block of 1400 square metres on dress-circle Calvert Parade next door to the $12 million house bought a decade ago by Sally Sims, wife of private equity industry leader Tim Sims.

Noel Nicholson, of Ray White Palm Beach, has the exclusive listing.

Calling stumps in Terrigal

The Terrigal home of cricket star Alyssa Healy’s parents, Greg and Sandy Healy, is up for grabs for more than $3 million through Stuart Gan, of Central Coast Realty.

Greg Healy, a former Queensland player and brother of Test cricketer Ian Healy, has owned the Barnhill Road property for 20 years, buying it for $618,000 and rebuilding it three years ago as a two-storey home with gym, swimming pool and spa.

Inking the deal in Edgecliff

In Edgecliff, the historic Victorian Regency residence Fairlight, long home to the late publisher John Hannan, has sold for more than $9 million following his death last year, aged 90.

Well-placed sources say it was an off-market sale negotiated by Ray White Double Bay’s Michael Finger, who declined to comment on the deal.

Records show a who’s who of Sydney have owned the Edgecliff Road property that was built in 1855 for Joseph William Cocks.

From 1950 it was owned by Dick Austin, a one-time prisoner of war, barrister, author, diplomat, and deputy director of Australian Secret Intelligence Service. In 1963 it was bought by the late medico specialist Malcolm Coppleson and sold to Tony Albert, of the Albert music publishing family, in 1977.

Albert sold it in 1988 for $2.05 million to developer Bill Shipton, who restored the property before he offloaded it three years later for $2.4 million to businessman Melvyn Karpes.

Hannan, the foundation chair of the IPMG printing and publishing group, bought it in 1994 for $2.5 million.

Altomonte changes gears

Car dealer Anthony Altomonte has sold his Hunters Hill waterfront home to move to the Terrey Hills acreage he bought last year for $7 million.

McGrath’s Tracey Dixon was asking $8 million for the riverfront residence with pool, boatshed, slipway, jetty and mooring pen that Altomonte bought 22 years ago for $1.75 million. Dixon declined to reveal the result, but local sources put it at close to the asking price.

Altomonte, who heads up the Alto Group founded by his dad George Altomonte, bought in Terrey Hills from Lendlease chief Steve McCann, the latter of whom then moved to nearby Duffy’s Forest buying the landmark mansion known as the Biggest Loser house for $8.1 million.

Cashing in in Darling Point

Steve Duchen, of the rich-list pharmaceutical family, and his wife Polly have pocketed $6.8 million for their Darling Point home from none other than Bellevue Hill downsizer Shelley Confos, wife of Commonwealth Bank senior executive George Confos.

Duchen had renovated the three-level home since it last traded for $4.55 million in 2013 from former Sydney Turf Club and Racing NSW chairman Alan Brown and his wife Belinda.

Duchen’s upcoming move to the recently purchased Omnia penthouse at Kings Cross for $15.8 million prompted him to list his Darling Point home last year, first with $8 million hopes that were later revised down to $7.1 million when the keys were handed to Ray White Double Bay’s Elliott Placks to sell.

Confos sold the couple’s Bellevue Hill home in March for $7.3 million.

Hitting the right note

Investment banking veteran Rob Mactier and his wife Sally have downsized to Double Bay in style, paying $5 million for the contemporary residence that pop songstress Delta Goodrem previously rejected.

Goodrem had exchanged on the Epping Road property last year before she reneged on the deal to buy a $4.8 million pad in the Residences overlooking Hyde Park.

The Mactier purchase coincides with settlement on the sale of their Roseville Federation mansion, sold for a suburb high of $8.5 million through Forsyth’s Phillip Waller to FIRB-approved businessman from China, Zhandong Wang.

Moving on from Mosman

Recently retired chief of chemicals and resin maker Nuplex Industries Emery Severin and his wife Sharman are set to farewell Mosman and move to the Paddington terrace they bought a year ago for $8.2 million from respiratory and sleep medicine specialist Malcolm Ogborne and Macquarie Global Infrastructure Fund chief Grant Smith.

The Severins bought the Mosman property in 2010 for $5.295 million and, after scoring DA approval for a major renovation two years ago, it returns to the market for $5.75 million to $6.25 million through Michael Coombs, of LJ Hooker Avnu.

Trading up in Paddington

The Paddington home of corporate advisor Charles Lynam and his wife, Macquarie’s agribusiness head Liz O’Leary, is up for grabs amid rumours of a double-digit trade-up locally.

Lynam, who heads up East Horizon Consulting, bought the Goodhope Street terrace in 2010 for $2.28 million from David Brawn and Suzanne Campbell when the latter moved permanently to their historic Berry property Tintern.

A contemporary upgrade has been undertaken on the four-storey corner terrace since then.

Ben Collier, of The Agency, has a $5 million guide ahead of the October 12 auction.