#news Point Piper, Sydney Harbour vacant lot owned by son of a Chinese billionaire sells for $27million #WorldNews

#news Point Piper, Sydney Harbour vacant lot owned by son of a Chinese billionaire sells for $27million #WorldNews

#information Point Piper, Sydney Harbour vacant lot owned by son of a Chinese billionaire sells for $27million #WorldNews

Table of Contents

Vacant harbourside lot owned by the son of a Chinese billionaire sells for a staggering $27million – so who’re the brand new house owners?

  • A vacant lot on Sydney Harbour has offered for an eye-watering $27million 
  • The lot is at present dwelling to rubble, weeds and multi-million-dollar views
  • The undeveloped land was owned by the son of a Chinese billionaire till sale

A vacant lot overlooking Sydney Harbour has offered for a staggering $27million regardless of containing nothing however weeds and rubble.

The Point Piper block, in Sydney´s unique japanese suburbs, has modified palms a number of instances in recent times and was as soon as slated for improvement by convicted assassin Ron Medich.

It offered this week to millennial tech traders Alexandra and Gabriel Jakob, with former proprietor and son of a Chinese billionaire Wu Li strolling away with $5 million in revenue.

Mr Li´s father is Li Guoqiang, founder of one of China´s largest automobile sellers, Zhongsheng Group, The Sydney Morning Herald reported.

A vacant block of land covered in weeds and rubble has sold for $27 million. Picture: LJ Hooker Double Bay

A vacant block of land lined in weeds and rubble has offered for $27 million. Picture: LJ Hooker Double Bay

Medich and his former spouse Odetta bought the property in 2003, and had beforehand meant to show the vacant block into luxurious flats, however deserted the mission in 2010.

He is now serving time for plotting the homicide of businessman Michael McGurk.

Hugh Huang, the son of Shanghai transport magnate Shannian Huang, bought the block in 2013 for $14.35million, flattening the prevailing construction that dated again to the Seventies with plans for improvement.

Instead he offered it in 2018 for $22.5million to Sydney to Hobart legend, Jim Cooney, who skippered tremendous yacht Comanche to a number of victories.

A vacant block of land covered in weeds and rubble has sold for $27million. Picture: LJ Hooker Double Bay

A vacant block of land lined in weeds and rubble has offered for $27million. Picture: LJ Hooker Double Bay

2/126 Wolseley Rd, Point Piper was bought by convicted killer Ron Medich and his former wife Odetta in 2003, who had intended to turn the vacant block into luxury apartments, but abandoned the project in 2010

2/126 Wolseley Rd, Point Piper was purchased by convicted killer Ron Medich and his former spouse Odetta in 2003, who had meant to show the vacant block into luxurious flats, however deserted the mission in 2010

Just a 12 months later, Mr Li paid roughly the identical quantity for the property, which he then held onto for three years.

The new house owners of the rubble-ridden lot ought to get together with the neighbours, contemplating patrons Mr and Mrs Jakob already personal a harbourfront dwelling simply two doorways down, which shares a driveway with the plot of land.

The couple purchased that property from former Westpac director Steve Harker in 2019 for a report breaking $40million.

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