Sultan of Brunei's Herne Bay houses set to return to the market
The mystery businessman who bought 11 Herne Bay houses from the billionaire Sultan of Brunei is putting nine houses back on the market.
Sunday, September 25th 2005, 6:52AM
by The Landlord
After setting a price record when he forked out $35 million in late July, the Auckland businessman has announced his intention to resell most of his houses.Indications are that he will get at least $25 million for the nine houses he bought in late July in a deal brokered in Brunei when he was in London.
The properties will be sold in two separate deals - the first four in spring, then five townhouses alongside each other in summer. But the businessman is expected to keep the luxurious Waimanu and perhaps move in.
Also kept will be a two-level house at 11 Stack St.
First, he is seeking $17.8 million for four mansions on Stack St and Wairangi St. These are stand-alone houses, many between 80 and 100 years old, and include the stately Wairangi colonial-style waterfront mansion set on 0.25ha with a 20m pool.
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