former Seven West Media chief operating officer Nick Chan in Surry Hills. Picture: John Feder/The Australian.
Former Bauer Media boss Nick Chan and wife Peggy have bought back onto the Mosman property merry-go-round, paying $4.06 million for a modernised 1904 home.
And it won’t take them any time at all to familiarise themselves with the area, as they’ve bought diagonally opposite their own recent offering.
By downsizing on the same street, the couple will pocket a $1 million nest egg, after selling their neighbouring home for $5.15 million.
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Nick Chan’s new home in Mosman.
Inside Nick Chan’s new home.
Another added bonus of the sale means the couple could potentially saving a truckload on moving costs.
Chan, who chairs the new bookmakers BetMakers, was the Bauer boss until June last year.
Their sold state-of-the-art home sat on 490 sqm with five bedrooms and three bathrooms.
Inside the home of former Bauer Media boss Nick Chan.
Their new five bedroom, two bathroom home is on 455 sqm, but with harbour glimpses from upstairs. There was a trade off with car spaces dropping from three to two.
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Nick Chan during his time as COO of Seven West Media in Sydney.
Mosman’s most impressive downsize this year was when businessman John Kinghorn and his wife Jill sold their longtime waterfront mansion for $12.5 million, having bought in the nearby Watermarque building. It was the suburb’s first double-digit apartment sale.