Powered by MOMENTUM MEDIA
realestatebusiness logo
Subscribe to our newsletter SIGN UP

PM seeks $50,000 monthly rent for high-profile property

06 March 2015 Elyse Perrau

A Sydney property manager is seeking another tenant for the prestigious mansion he has managed for about 20 years.

A Sydney property manager is seeking another tenant for the prestigious mansion he has managed for about 20 years.

Pockley and Roderick principal Tim Pockley told Residential Property Manager he is looking for a tenant willing to pay $50,000 for the Point Piper mansion, which is owned by the Fairfax family.

The mansion sits on 7,000 square metres of prime waterfront real estate and comes with its own beach.

It also includes seven bedrooms, five bathrooms, a ballroom, a tennis court and stables.

Mr Pockley said the people who have been expressing interest in the property are foreigners who want to occupy it for a shorter period of time.

“The thing is though, they have to understand that the property is for sale at the moment and so that comes first,” he said.

“This is just the option the family is using for various reasons. If the right person comes along, it is a good way to protect the property.”

Mr Pockley said his firm and the client do extensive checks on anyone that is looking to rent the family home.

“We have our means, and so does the family, of checking these things – and I assure you they are far-reaching.”

The Australian dollar has recently hit a five-year low. Mr Pokley said this is seeing the property get a lot of interest from foreign buyers.

“It has really got a 25 per cent discount if you are buying it from overseas,” he said.

“I would think it is going to sell in the next six months or so.”

 

Source: Pockley and Roderick

Source: Pockley and Roderick

Source: Pockley and Roderick

Source: Pockley and Roderick

Source: Pockley and Roderick

[Related: Rental yields fall as prices climb]

PM seeks $50,000 monthly rent for high-profile property
lawyersweekly logo
FROM THE WEB
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast

Network or independent?

Independent
Network, the bigger the better
Network, but midsized
Niche group, small and agile
Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.