Marketing begins in earnest for Fernhill after Warren Anderson finally vacates
Colliers International has confirmed Warren Anderson has exited the historic Fernhill estate in Sydney's Mulgoa, making way for its sale with vacant possession.
It reports the property, placed on the market by receiver KordaMentha, has drawn widespread interest from developers, high-net-worth individuals and horse racing identities within Australia, Europe and Asia.
Colliers International NSW development director of residential Guillaume Volz, who is handling its sale, says the holding comprises 15 lots totalling 653 hectares, of which 404 hectares form part of Fernhill.
“Fernhill is arguably one of Australia's grandest estates,” Volz says.
"Buyers' interest since the property was first listed has been very strong, however Mr Anderson's occupation caused difficulties with inspections.
"Now he has left, parties can progress their interest in the knowledge that vacant possession is assured.
"Fernhill will be sold and the mansion will remain part of New South Wales' remarkable history."
No revised price estimate was given. Its initial hopes were $50 million plus.