Cash-strapped exiting Parramatta Eels CEO Paul Osborne lists in Byron Bay
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Exiting Parramatta Eels chief executive Paul Osborne has officially listed his Byron Bay property investment.
It cost $1.9 million in January 2011.
He now claims to have been the victim of a Byron Bay property deal that went sour.
Osborne's financial situation was made public by SMH investigative reporter Kate McClymont after leaks that Osborne had borrowed money from the Parramatta chairman Roy Spagnolo.
The Massinger Street, Byron Bay property has been listed for December 3 auction through Ray White Byron Bay agents Brett Connable and Stuart Aitken.
"It's a great house but I can't afford it. It's up for sale,” he told Fairfax press recently.
"Clearly it's placed pressure on us (Osborne and wife, Sally) financially.
“I bought the property in Byron Bay when undertakings were taken on rent and other things that weren't met.”
It’s being marketed as “Owner MUST SELL - Make an offer Today.”
“The vendor is very motivated to sell prior to auction, so all offers will be considered,” says the marketing.
Set opposite the Top Shop Cafe in Massinger Street, it comes with ocean views to the North over Byron Bay. It has three upstairs bedrooms plus downstairs is a one bedroom guest quarter.
It previously sold at $1,475,000 in 2007
An investigation has cleared him of misconduct, and Osborne is set to step down at Christmas.
