Billionaire heiress buys $20m Double Bay waterfront - realestate.com.au

Creative director Beau Neilson, daughter of billionaire philanthropist Judith Neilson, has made a significant property move from inner Sydney to the prestigious Double Bay waterfront.

Neilson has purchased a historic $20 million sandstone mansion at Gladswood Gardens, Double Bay, while listing her transformed Chippendale warehouse for $19 million. The 38-year-old, who owns The Vanguard music venue in Newtown, originally bought the Chippendale warehouse known as The Pigeon Shed for $3.1 million in 2012 with family support, then commissioned MCK Architects to transform the 324-square-meter space into a luxury five-bedroom residence with indoor pool and gallery spaces.

• The Double Bay waterfront estate sits on a 978-square-meter block and was previously the coach house of the historic Gladswood Estate
• The property had initially exchanged for $21 million over a year ago, but the sale fell through when the overseas buyer couldn't sell their Hong Kong property
• Neilson plans a sympathetic renovation of the heritage sandstone mansion while maintaining its historic character
• The transaction represents a strategic upgrade from urban warehouse living to premium harbour-side luxury in one of Sydney's most coveted locations