PHOTO: JOHN SELKIRK/STUFF – Mark Hotchin is the co-founder of failed finance company Hanover Finance.
Mark Hotchin, the head of failed finance company Hanover, could make a neat $6 million profit selling a luxury home on Waiheke Island.
That’s against the 13,000 or so Hanover investors who lost all or almost all their money when the finance company collapsed in 2008.
Hotchin bought the six-bedroom, six-bathroom house in Oneroa (complete with spectacular clifftop tennis court, helipad and separate guest quarters) for $3.425 million in November 2014.
But now he’s put it on the market, with the expected selling price between $9 million and $10 million.
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READ MORE VIA STUFF