Software entreprenuer Simon Clausen seems to have sold some of his abandoned vacant Mosman mansion site

Software entreprenuer Simon Clausen seems to have sold some of his abandoned vacant Mosman mansion site
Jonathan ChancellorNovember 17, 2011

Computer software entrepreneur Simon Clausen’s Balmoral Slopes large residential development site is set to be broken up.

It is understood a sale for two of the four building lots may have been achieved.

Tenders were due November 9 through McGrath Mosman agent Nigel Mukhi, who listed four allotments to be sold separately or in one line totalling 2,560 square metres.

The individual block sizes were 620 square metres, 638 square metres, 664 square metres and 638 square metres.

There are now just two allotments listed on the McGrath website.

The software entrepreneur, who debuted on the 2009 BRW Rich List with a $180 million fortune after selling his software company, abandoned construction plans for an expansive three-level residence on the site earlier this year.

The high-flyer spent $31 million in 2008 and 2009 on adjoining properties with direct views out towards Sydney Heads. It included a since demolished new home that was offloaded by developer Albert Bertini, onetime star of The Secret Millioniare.

After demolition works, and the decision not to proceed with construction, the 2,560-square-metre vacant block was listed for sale.

The vacant block cost $19 million, with the remaining $12 million spent on an adjoining heritage-listed house on the corner of Upper Almora Street which has not been listed for sale.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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