Restaurant tycoon Neil Perry makes splash in Sydney realty market

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Restaurant tycoon and mogul Neil Perry has made a big splash in the Sydney real estate market. He has re-invested funds obtained from the recent takeover of his fine dining business towards acquiring real estate worth in excess of $9 million in the city’s coveted eastern suburbs. One of the top purchases in the list for Neil Perry and Samantha, his wife, was a Vaucluse family home which was purchased in a deal off the market. The house is rumored to have been bought by Perry for a whopping $7 million.

This property comes with 6 bedrooms and 4 bathrooms in tandem with informal and formal living rooms, a swimming pool, basement garage for 6 cars, plant room and beautiful Harbour Bridge views. This home was sold by Martin Border, the noted property investor and Rozanne, his wife. Michael Finger from Ray White Double Bay, stated that the property was sold within days of it being presented to a few selected buyers.

The Border family also shelled out a whopping $13.3 million for buying a beachfront reserve semi property in the Double Bay through the same agent. Perry has also taken possession of a worker’s cottage earlier this week in Paddington as per reports. This property is reportedly worth $2.01 million and the two-bedroom investment home located along Caledonia Street was sold by Charlie Beaumont and Jason Pantzer from Philips Pantzer Donnelley.

This property has now come back into the lease market for a weekly sum of $1150. Perry has invested into premium real estate in Sydney after his restaurant business was acquired for an estimated sum of $60 million in November 2016 by the Urban Purveyor Group. Perry also has equity in the new entity that has been setup. The deal included Perry’s well-known Eleven Bridge restaurant which was located where his previous Rockpool restaurant opened in the year 1989 and was also the flagship behind several transformations of the Rockpool eatery.

A knock-down-rebuild has been sold for a price in excess of $26 million at Darling Point’s northwestern end and right on the waterfront. This was the home of businessman Alan Meagher and his wife Elizabeth Meagher who bought it for $425,000 in the year 1978. He is known for playing a starring role in the US television series The Love Boat and also a special Sydney version of the show. The waterfront property was listed out two years earlier with hopes of attracting prices closer to $30 million. Sotheby’s International has sold this property.