Yachtie Hugo van Kretschmar sells his Darling Point apartment for $25million

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Yachtie Hugo van Kretschmar sets a new property record after selling his Darling Point apartment for more than $25million


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Former Cruising Yacht Club commodore Hugo van Kretschmar and his wife Karen have sold their Darling Point apartment for more than $25million.

The sale sets a new property record as the highest in the Darling Point area for more than 18 months, beating the previous $16.8million apartment sale record set in June, reports Domain.

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The exact sale price of the van Kretschmar home is undisclosed, but it had a $25million price guide when it was listed by 1st City Double Bay’s Julian Hasemer.

Pricey: Yachtie Hugo van Kretschmar has set a new property record after selling his Darling Point apartment for more than $25million

Pricey: Yachtie Hugo van Kretschmar has set a new property record after selling his Darling Point apartment for more than $25million

A social media post by the agency later confirmed the home had indeed sold for more than $25million and had been snapped up very quickly upon its listing.

Van Kretschmar and his wife purchased the two-storey block where the property sits with another apartment back in 2004 for $7million.  

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The pair employed Allen Jack+ Cottier Architects to design the two apartments as they built up the block.

Setting the benchmark: The sale sets a new property record as the highest in the Darling Point area for more than 18 months, beating the previous $16.8million apartment sale record set in June, reports Domain. Pictured: the kitchen

Setting the benchmark: The sale sets a new property record as the highest in the Darling Point area for more than 18 months, beating the previous $16.8million apartment sale record set in June, reports Domain. Pictured: the kitchen

History: Van Kretschmar and his wife purchased the two-storey block where the property sits with another apartment back in 2004 for $7million. The pair employed Allen Jack+ Cottier Architects to design the two apartments

History: Van Kretschmar and his wife purchased the two-storey block where the property sits with another apartment back in 2004 for $7million. The pair employed Allen Jack+ Cottier Architects to design the two apartments

The sold apartment, located on the upper level, was used by the couple before they listed it.

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It features five bedrooms, several spacious living areas with plenty of sunlight, stunning harbour views, a swimming pool and an internal lift.

The top apartment has 375 sqm of internal living space, which means, according to the sale price, it roughly sold for $68,000 per sqm.

Inclusions: The apartment features five bedrooms, several spacious living areas with plenty of sunlight, stunning harbour views, a swimming pool and an internal lift

Inclusions: The apartment features five bedrooms, several spacious living areas with plenty of sunlight, stunning harbour views, a swimming pool and an internal lift

The van Kretschmars had already sold the lower-level apartment in 2007 to Thelma Levin, the wife of Park Lane Fashions boss Mervyn Levin, for about $7.4million.   

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The apartment was still being completed at the time, but the offer was apparently too good for the yachtie to refuse.

Hugo van Kretschmar is the former Cruising Yacht Club commodore, a civil engineer and property developer.

He is known for heading the Cruising Yacht Club Australia investigation and report into the devastating 1998 Sydney to Hobart Yacht Race where six men lost their lives.

Career: Hugo van Kretschmar is the former Cruising Yacht Club commodore, a civil engineer and property developer. He is known for heading the Cruising Yacht Club Australia investigation and report into the deadly 1998 Sydney to Hobart Yacht Race

Career: Hugo van Kretschmar is the former Cruising Yacht Club commodore, a civil engineer and property developer. He is known for heading the Cruising Yacht Club Australia investigation and report into the deadly 1998 Sydney to Hobart Yacht Race

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