Australian Artefact for over $50m
One of the most significant private properties in Australia has come on the market for a handsome sum of between $50 million and $70 million.
If the property was to sell at such a price, it would outshine the $45 million Currency Trader Ivan Ritossa paid for the Vaucluse mansion Coolong in 2008.
Named Fernhill, the property is one of the largest in the Sydney Metropolitan region, located in the suburb of Mulgoa, 60 kilometres west of Sydney's CBD.
The estate dates from 1843 and features park-like landscapes, formal gardens designed by Paul Sorenson, pool, tennis court, spacious stables and thoroughbred training facilities.
"With history dating back almost two centuries, Fernhill's 653 hectrares evokes the grandeur of a European establishment," says agent Guillaume Volz.
The property’s main residence is a Greek Revival-style sandstone house with ballroom, large dining room, sitting room, eight bedrooms, and six bathrooms.
Fernhill also includes an award winning Manager's residence and three additional guest houses.
The vendor, troubled property tycoon Warren Anderson, is apparently being forced to sell the home after the demise of his 42-year marriage to wife Cheryl, and assorted business strains.
Mr Anderson bought Fernhill in 1980 for $2.8 million.
For further information, find it on Millionplus.
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