Hopes held by Angas that Fernhill at Mulgoa is close to being sold again

The debenture company Angas Securities hopes it is close to securing the sale of the Fernhill Estate at Mulgoa on the outskirts of Sydney.

The intending buyer is undisclosed.

“I expect to be meeting with this party and solicitors next week to finalise negotiations surrounding a small number of contractual issues,” Angas chairman Andrew Luckhurst-Smith told The Australian.

Sydney's Rookwood General Cemeteries Reserve Trust walked away from plans to buy Fernhill last November for close to $30 million amid plans to expand.

The listing agent Ken Jacobs, of Christie's International, was then dealing with parties who had expressed interest in the property should the sale not proceed.

Fernhill, the Georgian mansion in Mulgoa on the outskirts of Sydney, was the former home of bankrupt property tycoon Warren Anderson.

It was then under the control of SimonTripp who had substantially upgraded the estate.

But Tripp quit the seven bedroom sandstone home and the subdivision partnership in 2016.

The Australian advised the struggling debenture group told its investors that it had agreed terms with an Australian buyer.

It for the section known as central Fernhill, not the eastern portion of the estate.