blaze destroys $24 million Sydney home


It has sweeping views of the Lane Cove River, the town and Anzac Bridge, and likewise has a sandstone cellar and a customized bar.

The owners were not home at the time of the fire.

The house owners weren’t dwelling on the time of the hearth.Credit score:Eva Barry

It was beforehand owned by the late journey business doyenne Mary Rossi, which she and her late husband Theo Rossi bought for £16,500 in 1961 on the advice of their buddy and fellow Northwood native, acclaimed artist Lloyd Rees.

Within the many years that adopted, the Rossi household grew to become extensively recognized among the many outdated Catholic households of the decrease north shore thanks not solely to the couple’s 10 kids, but additionally Mary’s pioneering work founding Mary Rossi Journey in 1970, championing the rights of ladies to work outdoors the house whereas elevating a household, and as one of many first girls in Australia to host her personal tv present, Girl’s World.

Promoting the house was not with out its challenges as a result of there have been no properties of its measurement domestically. The closest comparable properties are additional afield in Hunters Hill the place Cate Blanchett and Andrew Upton offered their smaller 3600-square-metre property Bulwarra for $18 million in 2017.

The house was bought by fund supervisor “Owen” Ouyang Chen and his spouse Xiao Hong Li, who already owned a sizeable chunk of waterfront actual property in Northwood due to their $5.7 million dwelling buy in 2007.

An overhead image of the Cliff Road property, which sold last year.

An overhead picture of the Cliff Street property, which offered final yr.Credit score:Area

Chen is finest recognized in Australia for founding fund supervisor and lender Acapital, the group behind one of many first SIV funds in Australia. He has been contacted for remark.

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