Exclusive property up for mortgagee sale
An American business expert is being forced to sell his New Zealand property in a mortgagee sale.
Friday, August 30th 2013, 12:00AM
by The Landlord
James Dale Davidson and his wife, Taciana, own a property on the exclusive Wharekauhau Estate, in Wairarapa. It is being marketed for mortgaee tender by Bayleys.
The property has six bedrooms, is more than 620 sq m in size and has 4000 sq m of land.
The main Wharekauhau Lodge has nightly room rates ranging upwards of $920 – with celebrities such as Jack Black, Tom Cruise, Nicole Kidman, Meg Ryan, the Rolling Stones and Bill Gates among the "rich and famous" to have stayed there.
Grant Henderson of Bayleys Wellington said the horse-shoe shaped home had been set up to accommodate several families or groups simultaneously – with various guest wings having access to their own living areas.
“With the ability to add the home into Wharekauhau’s luxury lodge stable of accommodation options, this potential revenue stream allows for any new owner to utilise the dwelling on a casual basis. Alternatively, it can be purchased for exclusive use."
Davidson's house is believed to have a CV of $1.6 million and a mortgage of $2 million.
Tenders close on September 18.
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