{"id":36914,"date":"2022-02-11T13:39:40","date_gmt":"2022-02-11T00:39:40","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=36914"},"modified":"2022-02-11T13:39:40","modified_gmt":"2022-02-11T00:39:40","slug":"harvey-norman-bosss-huge-purchase","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/harvey-norman-bosss-huge-purchase\/","title":{"rendered":"Harvey Norman boss\u2019s huge purchase"},"content":{"rendered":"

PHOTO: Gerry Harvey & CEO and wife of Gerry Harvey, Katie Page<\/strong><\/p>\n

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Harvey Norman<\/a> chairman Gerry Harvey has set a new property price record for a small town on NSW\u2019s south coast, snapping up a piece of prime, waterfront real estate.<\/p>\n

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Gerry Harvey defends how retailer values $2.9bn property empire<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n

Mr Harvey purchased the Black Bream Point property at Narooma, which features eight guest cottages, an owners residence and a private jetty and boat ramp.<\/p>\n

The property is set on 40 acres and is located right on the Wagonga Inlet.<\/p>\n

Selling agent David Nolan said it is the highest priced sale to ever occur in Narooma and surrounding districts.<\/p>\n

The eventual sale price has not been disclosed, but the indicated pre-sale price ranged from $9 million to $11 million.<\/p>\n

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Black Bream Point property at Narooma. Picture: Webster Nolan Real Estate<\/strong><\/em><\/div>\n

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The property was bought by Harvey Norman executive chairman Gerry Harvey. Picture Glenn Hampson<\/strong><\/em><\/div>\n

A marketing campaign for the south coast property generated more than 700 inquiries and resulted in a \u201csubstantial\u201d number of inspections.<\/p>\n

Expression of interest for the property closed on January 31, with the sale to Mr Harvey being finalised on February 4.<\/p>\n

Mr Nolan said Mr Harvey and his family intended to continue the property in its current format and are advertising for an on-site manager.<\/p>\n

Black Bream Point\u2019s previous owner, Matt Davey, owned the property for 21 years before deciding to sell.<\/p>\n

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The property boasts a private jetty and eight guest cottages. Picture: Webster Nolan Real Estate<\/strong><\/em><\/div>\n

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