Real Estate

billionaire offloads palatial pad realestate com au

Written by The ReReport

Windermere in Hunters Hill is for sale for “expressions of interest”.

CHINESE billionaire Kuizhang “Sam” Guo is selling his historic Hunters Hill riverfront estate, Windermere, for a price rumoured to be about $18 million.
Nicknamed the “Chinese Gatsby” by locals because of his predilection for throwing lavish parties, Mr Guo paid $11.45 million for the circa 1858 mansion in 2014.
He soon gained media attention for his regular bashes, attended by the crème de la crème of
of Chinese celebrities such as actors Vicki Zhao Wei and Xu Zheng.

It appears Mr Guo’s parties came to a halt this year when the property was listed for rent at $6000 a week, according to CoreLogic.
In 2015 Mr Guo, who believes he was a monk in a former life, drew the ire of former federal treasurer Joe Hockey, who referred him to the Foreign Investment Review Board for investigation.
The heritage-listed mansion in Ernest St is on more than 3500sq m and extends to a private jetty on the Lane Cove River.

Billionaire Kuizhang “Sam” Guo bought the heritage-listed Windermere in 2014.

In 2012, former owners Lorraine Tarabay and husband Nick Langley, founder and co-chief executive of RARE Infrastructure Fund, included an extension.
The sandstone house has five bedrooms, five bathrooms and parking for up to 10 cars.
It is around the corner from Bulwarra, the former home of actor Cate Blanchett and her theatre-director husband, Andrew Upton.

That celebrity couple’s historic house on 3642sq m sold for $18 million in early 2017.

The real estate agency marketing Windermere for Mr Guo assisted him in his search for a home in Sydney in 2014.

The Ernest St, Hunters Hill, mansion flows down to Lane Cove River.

Jessica Ke, of Ausrealty Carlingford, said it was hard to place a price guide on the property.
“We don’t have a price guide as it is a unique home but we have a comparison two doors down (at Bulwarra) of $18 million,” Ms Ke said. “That one had a tennis court and this one has a private jetty.”
Ms Ke said strong interest had come from local and overseas buyers.

Source link