{"id":31895,"date":"2021-04-24T09:59:45","date_gmt":"2021-04-23T21:59:45","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=31895"},"modified":"2021-04-24T10:06:45","modified_gmt":"2021-04-23T22:06:45","slug":"mansion-sold-for-32m-three-years-ago-return-to-market-for-45m-plus","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/mansion-sold-for-32m-three-years-ago-return-to-market-for-45m-plus\/","title":{"rendered":"Mansions sold for $32m three years ago return to market for $45m-plus"},"content":{"rendered":"

PHOTO: The Vaucluse mansion sold by Angela Teplitsky in 2018 for $21 million is set to returned to the market as part of a $45 million deal.<\/strong><\/p>\n

The Vaucluse<\/a> mansion sold by Angela Teplitsky, former wife of prominent property developer Michael Teplitsky, for $21 million three years ago is set to be returned to the market with the house next door as part of a development deal worth more than $45 million.<\/p>\n

The Teplitsky sale was regarded as a bullish result at the time, given it had traded just two years earlier for $17 million when sold by dentist Le Tran, who only held it for two years after he bought it for $14 million from property developer Jacques Kurdian.<\/p>\n

It was\u00a0one of two houses purchased in 2018 for a total of $32 million\u00a0by a trust, Moshav Developments. Despite Woollahra Council rejecting plans for four Luigi Rosselli-designed residences, an amended DA was given the green light last week by the Land and Environment Court.<\/p>\n

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The Hillside Avenue residence is approved to be demolished to make way for Luigi Rosselli-designed dwellings. Photo: Supplied<\/strong><\/em><\/figcaption><\/figure>\n

Nicholas Heaton of CBRE said there is no guide, but \u201cthe site is worth $45 million as it is, and the DA adds a premium\u201d.<\/p>\n

But there is some confusion as to who will be the lucky recipient of such capital gain. The paper trail indicates it is Moshav\u2019s sole director Tal Silberman, but well-placed eastern suburbs sources speculated that Michael Teplitsky was also behind the trust.<\/p>\n

Mr Teplitsky would no doubt welcome staying out of the limelight. In 2017, his Double Bay office was raided by the federal police in relation to an alleged tax fraud of more than $150 million. Teplitsky was ultimately not charged in relation to the allegations but ended up in handcuffs during the raid after he lunged at a\u00a0Herald<\/em>\u00a0photographer and his partner Olivia Korner pulled the hair of a\u00a0Herald<\/em>\u00a0reporter.<\/p>\n

Mr Teplitsky didn\u2019t respond to calls for this story, and Mr Heaton dismissed suggestions Teplitsky owned the property, saying \u201che has got nothing to do with it\u201d.<\/p>\n

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