Corporate lawyer Amanda Banton buys $4.6 million Darlo dump
Powerhouse litigator Amanda Banton is set to emerge as the mystery purchaser of one of Darlinghurst’s last decrepit Victorian terraces.
Word is after the uninhabitable five-bedroom Surrey St home sold for $4.6m that Banton engaged William Smart Architects to work on the restoration investment project.
The home attracted 18 registered bidders at its BresicWhitney auction despite needing $2m plus in renovation work. There were three bidders at $4.6m for the 278sqm property with 7.6m frontage.
The hoarder home, offered with rooms cordoned off with danger tape, last traded in 1976 at $43,000.
Darlinghurst had 40 sales over the past year at a $1.9m median, according to realestate.com.au.
The Rose Bay-based lawyer has just kicked off her new Martin Place legal firm, Banton Group specialising in insolvency and litigation.
Her partners have made significant recoveries for clients, including $200m plus against Lehman Brothers and $215m against Standard and Poors.
Banton Group recently acted successfully on a pro-bono basis to represent a grieving family excluded from the class action in the MH17 appeal.
The article was first published in the Sunday Telegraph.
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