Mystery whether Chinese vendor sells to Russian buyer on Wolseley Road, Point Piper

Mystery whether Chinese vendor sells to Russian buyer on Wolseley Road, Point Piper
Mystery whether Chinese vendor sells to Russian buyer on Wolseley Road, Point Piper

The low-key Chinese businessman Yunji Huang has offloaded a vacant Point Piper harbour front block for $22.5 million.

The pre-Christmas off market transaction had sought to not disclose the price.

It is more successful however in keeping the ultimate owner's identity shielded.

Mystery whether Chinese vendor sells to Russian buyer on Wolseley Road, Point Piper

The 735sqm vacant block has been bought in the name of VJ Ryan & Co accountant Peter Wyer, reportedly on behalf of an undisclosed trust.

It last sold at $14.35 million in 2013.

It came with approved $10 million plans for a new home at 42 Wolseley Road.

The approved five level Tzannes Associates residence will boasts six bedrooms, eight bathrooms and four car security parking.

Mystery whether Chinese vendor sells to Russian buyer on Wolseley Road, Point Piper

LJ Hooker Double Bay supremo Bill Malouf confirmed to the local paper, The Wentworth Courier that he sold a “block of dirt” at 42 Wolseley Road in the days leading up to Christmas.

It has been quickly speculated Wyer represents interests associated with the Russian billionaire David Traktovenko, the owner of the Sydney FC soccer club, whose property developer son in law Scott Barlow and his wife, Alina, live close by.

But Title Tattle glans the buyer was not them.

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Title Tattle Point Piper

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