{"id":44268,"date":"2023-08-20T10:14:20","date_gmt":"2023-08-19T22:14:20","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=44268"},"modified":"2023-08-20T10:14:20","modified_gmt":"2023-08-19T22:14:20","slug":"renowned-waterfront-estate-in-mosman-changes-hands-for-17-million-acquired-by-a-chinese-entrepreneur","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/renowned-waterfront-estate-in-mosman-changes-hands-for-17-million-acquired-by-a-chinese-entrepreneur\/","title":{"rendered":"Renowned waterfront estate in Mosman changes hands for $17 million, acquired by a Chinese entrepreneur"},"content":{"rendered":"<p><strong>PHOTO: The waterfront comes with its own private jetty.<\/strong><\/p>\n<p>A prosperous Chinese entrepreneur, currently based in China, has acquired one of Mosman&#8217;s most prominent waterfront residences, known as Sirius Lee, for an estimated $17 million, with additional plans to invest millions in its refurbishment.<\/p>\n<p>Situated at 11 Raglan St, Sirius Lee is a historic five-bedroom, four-bathroom home dating back to 1904, featuring a private deepwater pontoon, a slipway, and breathtaking vistas of Sydney&#8217;s iconic landmarks.<\/p>\n<p>Originally listed in May with an asking price of $17 million, the property did not proceed to auction in June. Instead, Bo Zhang, representing Atlas Lower North Shore, chose to target overseas buyers by showcasing the heritage home on Chinese websites.<\/p>\n<div class=\"styles__ImageWrapper-sc-17n6uwl-0 jnrokI size-full wp-post-855556 wp-image-855650\"><picture><img fetchpriority=\"high\" decoding=\"async\" class=\"styles__StyledImage-sc-17n6uwl-1 fSfgJn  wp-post-855556 wp-image-855650\" src=\"https:\/\/www.realestate.com.au\/news-image\/w_1280,h_720\/v1692216052\/news-lifestyle-content-assets\/wp-content\/production\/capi_cf36f1fa2c6b474d82e279c7972633ad_570c30626a9d1f21664cd7b05dd96ba6.jpeg?_i=AA\" sizes=\"(max-width: 767px) 100vw, (max-width: 939px) 60vw, (max-width: 1112px) 70vw, 800px\" srcset=\"https:\/\/www.realestate.com.au\/news-image\/w_200,h_113\/v1692216052\/news-lifestyle-content-assets\/wp-content\/production\/capi_cf36f1fa2c6b474d82e279c7972633ad_570c30626a9d1f21664cd7b05dd96ba6.jpeg?_i=AA 200w, https:\/\/www.realestate.com.au\/news-image\/w_400,h_225\/v1692216052\/news-lifestyle-content-assets\/wp-content\/production\/capi_cf36f1fa2c6b474d82e279c7972633ad_570c30626a9d1f21664cd7b05dd96ba6.jpeg?_i=AA 400w, https:\/\/www.realestate.com.au\/news-image\/w_600,h_338\/v1692216052\/news-lifestyle-content-assets\/wp-content\/production\/capi_cf36f1fa2c6b474d82e279c7972633ad_570c30626a9d1f21664cd7b05dd96ba6.jpeg?_i=AA 600w, https:\/\/www.realestate.com.au\/news-image\/w_800,h_450\/v1692216052\/news-lifestyle-content-assets\/wp-content\/production\/capi_cf36f1fa2c6b474d82e279c7972633ad_570c30626a9d1f21664cd7b05dd96ba6.jpeg?_i=AA 800w, https:\/\/www.realestate.com.au\/news-image\/w_1000,h_563\/v1692216052\/news-lifestyle-content-assets\/wp-content\/production\/capi_cf36f1fa2c6b474d82e279c7972633ad_570c30626a9d1f21664cd7b05dd96ba6.jpeg?_i=AA 1000w, https:\/\/www.realestate.com.au\/news-image\/w_1200,h_675\/v1692216052\/news-lifestyle-content-assets\/wp-content\/production\/capi_cf36f1fa2c6b474d82e279c7972633ad_570c30626a9d1f21664cd7b05dd96ba6.jpeg?_i=AA 1200w, https:\/\/www.realestate.com.au\/news-image\/w_1400,h_788\/v1692216052\/news-lifestyle-content-assets\/wp-content\/production\/capi_cf36f1fa2c6b474d82e279c7972633ad_570c30626a9d1f21664cd7b05dd96ba6.jpeg?_i=AA 1400w, https:\/\/www.realestate.com.au\/news-image\/w_1600,h_900\/v1692216052\/news-lifestyle-content-assets\/wp-content\/production\/capi_cf36f1fa2c6b474d82e279c7972633ad_570c30626a9d1f21664cd7b05dd96ba6.jpeg?_i=AA 1600w, https:\/\/www.realestate.com.au\/news-image\/w_1800,h_1013\/v1692216052\/news-lifestyle-content-assets\/wp-content\/production\/capi_cf36f1fa2c6b474d82e279c7972633ad_570c30626a9d1f21664cd7b05dd96ba6.jpeg?_i=AA 1800w, https:\/\/www.realestate.com.au\/news-image\/w_2000,h_1125\/v1692216052\/news-lifestyle-content-assets\/wp-content\/production\/capi_cf36f1fa2c6b474d82e279c7972633ad_570c30626a9d1f21664cd7b05dd96ba6.jpeg?_i=AA 2000w, https:\/\/www.realestate.com.au\/news-image\/w_2200,h_1238\/v1692216052\/news-lifestyle-content-assets\/wp-content\/production\/capi_cf36f1fa2c6b474d82e279c7972633ad_570c30626a9d1f21664cd7b05dd96ba6.jpeg?_i=AA 2200w, \" alt=\"\" width=\"493\" height=\"278\" aria-describedby=\"caption-attachment-855650\" data-capiid=\"570c30626a9d1f21664cd7b05dd96ba6\" \/><\/picture><\/div>\n<div class=\"styles__Caption-sc-1y47awc-0 bRXFcJ\">\n<p id=\"caption-attachment-855650\" class=\"wp-caption-text\"><em><strong>11 Raglan St, Mosman sold for about $17m to a businessman based in China<\/strong><\/em><\/p>\n<\/div>\n<p>Last week, a successful businessman from China flew to Sydney to personally inspect Sirius Lee. He visited the property twice and subsequently sealed the deal, returning to his base in China.<\/p>\n<p>Zhang commented, &#8220;The buyer arrived on Thursday, viewed the house that day, and returned for another look on Saturday. The transaction was finalized at 11 pm on Monday. He admired the property&#8217;s character, historical significance, and its remarkable views. His plan is to engage local architects and interior designers to enhance and refine the property.&#8221;<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"lcgjOov7BP\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/advertisingrates\/\">Advertising Rates<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cAdvertising Rates\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/advertisingrates\/embed\/#?secret=EmRDCtC3C0#?secret=lcgjOov7BP\" data-secret=\"lcgjOov7BP\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<p>Zhang has noted a growing trend since April, with an increasing number of China-based buyers, including Australian citizens and permanent residents, traveling to Sydney in search of prestigious homes. He currently has five or six high-net-worth Chinese buyers in his portfolio seeking trophy properties.<\/p>\n<p>He explained, &#8220;They feel confident investing in Australia, particularly in trophy homes. Additionally, the favorable exchange rate is attracting overseas buyers at this time.&#8221;<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"kdtyWWFfS3\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/advertisingrates\/\">Advertising Rates<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cAdvertising Rates\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/advertisingrates\/embed\/#?secret=EmRDCtC3C0#?secret=kdtyWWFfS3\" data-secret=\"kdtyWWFfS3\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<p>Property records indicate that 11 Raglan St last changed hands in 2015 for $7.3 million and was owned by the Fan family.<\/p>\n<p>Although Zhang could not confirm the exact sale price, it is believed to be close to $17 million.<\/p>\n<p>SOURCE: <a href=\"https:\/\/www.realestate.com.au\/news\/famous-mosman-waterfront-sells-for-17m-to-chinese-businessman\/\">realestate.com.au<\/a><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"FcHpnep88l\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/coffee-mogul-presents-an-exquisite-mansion\/\">Coffee mogul, presents an exquisite mansion<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cCoffee mogul, presents an exquisite mansion\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/coffee-mogul-presents-an-exquisite-mansion\/embed\/#?secret=RCM5U0PcZG#?secret=FcHpnep88l\" data-secret=\"FcHpnep88l\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: The waterfront comes with its own private jetty. A<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/renowned-waterfront-estate-in-mosman-changes-hands-for-17-million-acquired-by-a-chinese-entrepreneur\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":44269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478101421,478126788,478126786,478126783,478126112,478126787,478099009,478111205,478103519,478108689,478112115,478121344,478126780,478126785,478099802,478126782,478102001,478126781,478098536,478126784,478098618,478099721,478126779],"class_list":["entry","author-data123nz","post-44268","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-chinese-buyer","tag-chinese-entrepreneur","tag-chinese-websites","tag-deepwater-pontoon","tag-exchange-rate","tag-high-net-worth-buyers","tag-mosman","tag-mosman-home","tag-mosman-mansion","tag-mosman-property","tag-mosman-real-estate","tag-mosman-waterfront","tag-mosman-waterfront-home","tag-overseas-buyer","tag-property-records","tag-raglan-st","tag-renovation","tag-sirius-lee","tag-sydney","tag-sydney-icons","tag-sydney-property","tag-trophy-homes","tag-wealthy-businessman"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Renowned waterfront estate in Mosman changes hands for $17 million, acquired by a Chinese entrepreneur - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/renowned-waterfront-estate-in-mosman-changes-hands-for-17-million-acquired-by-a-chinese-entrepreneur\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Renowned waterfront estate in Mosman changes hands for $17 million, acquired by a Chinese entrepreneur - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: The waterfront comes with its own private jetty. 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