The Venetians bass guitarist turned Zurich financier Peter Watson has sold his Chippendale warehouse conversion for $1.25 million before its scheduled auction.
It had an early price guide of $980,000.
Watson paid $365,000 in 1999 for the two bedroom, north-facing apartment set in the Chippen Mews complex.
He's updated it since, with a renovated kitchen and a mirrored feature wall.
The Venetians were a 1980's synthpop act who released three albums, with their single So Much For Love, making the singles chart in 1986.
This article was first published in the Sunday Telegraph.