Latest news with #IcebergsDiningRoom
Daily Telegraph
01-08-2025
- Business
- Daily Telegraph
Icebergs founder Maurice Terzini lists former Potts Point brothel
Bondi Icebergs founder Maurice Terzini has listed the Potts Point terrace — which previously operated as a brothel — that he bought just last year. Terzini, once considered the 'King of Bondi', left Icebergs Dining Room and Bar and DTL Entertainment in June as investors tried to contain the fallout from a range of unproven allegations concerning his son. It's understood Terzini, who currently rents in nearby Rockwall Gardens, is now considering a change of lifestyle so he's rethought his original plan to redevelop the nine-bedroom, seven-bathroom terrace with rear parking at 50 Kellett St. MORE: D-Day for troubled pub baron It's now listed with a $3.5m guide via Richardson and Wrench Elizabeth Bay/Potts Point agents Jason Boon and Geoff Cox, in conjunction with Allan Levy of Metro Commercial. Just weeks before the premises was transferred to Terzini's name, it stopped operating as Michelle's, which promised an 'erotic massage'. Terzini, who bought it for $3.35m, had big plans for the 1880s terrace on a 147sqm block, which clearly has huge potential as the area once famous for its sleazy strip joints, massage parlours and all-night venues gentrifies into a residential enclave for the wealthy. MORE: Adgemis's $1.5bn debt a 'complete furphy' MORE: Waterfront sale falls over, then sells for $2m less The property next door has had a multi-million-dollar architectural transformation and Terzini had a similar vision so the property comes with DA approved plans for an extra storey. As the ad states, 'it holds valuable mixed-use zoning and DA approval for conversion to a residential dwelling. 'Whether you envision a spectacular private home, dynamic live/work residence, or fantastic investment with high return, the potential here is immense. 'The approved DA illustrates a stylish modern residence with generous living zones, spacious bedrooms and all contemporary amenities.' It offers rear lane access to a north-facing courtyard and parking. MORE: Home prices soar again
AU Financial Review
01-08-2025
- Business
- AU Financial Review
Sydney Airport tempts inner-city foodies, puts Icebergs on ice
Facing serious competition for the first time in more than 100 years, Sydney Airport is betting a range of trendy inner-Sydney neighbourhood haunts will keep its core market coming when Western Sydney Airport opens early next year. But when the dining precinct in the T3 Domestic Terminal opens later this year, one name will be conspicuously absent from the line-up of buzzy north shore and inner-city eateries: Icebergs Dining Room and Bar.
