MissChu's Sydney Harbour boat up for auction

MissChu's Sydney Harbour boat up for auction
MissChu's Sydney Harbour boat up for auction

MissChu founder Nahji Chu's business went into Korda Mentha administration before Christmas, owing creditors around $4 million.

Now Slattery Auctions & Valuations has the 2013 luxury boat from the business for Rushcutters Bay auction on 19 March, obviously the most disposable item to the restaurant business.

It is no longer boating around Sydney Harbour.

Chu had been a fan of Garry White's floating coffee vendor that takes Vittoria coffee to boat owners and sailors, as well as a juice vendor called Tristan.

"I thought the Harbour could really use some Vietnamese food so I launched a speedboat service where people book online and pay for delivery," she told the urban walkabout blog.

"The super yachts love it when I rock up on my speedboat and hand over a bag of food.

"For me, living in Sydney and being a former refugee made me feel as if I should own a boat.

"If you’re going to keep calling me a boat person, I’m going to take that literally!"

The Chris Craft boat with beige leather upholstery has been tipped to fetch about $100,000, but that is based on the $97,000 owing on it. 

Creditors have been told the envisaged rollout of Double Bay and Balmian stores has been halted.

There was also continued disputation regarding the Opera Kitchen premises.

 

Jonathan Chancellor

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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