Rich lister who paid $19.5m for iconic Sydney home selling for $46m
The five-bedroom, six-bathroom property spans three storeys with gun-barrel views of Sydney Harbour.
Set on 670 square metres, the luxury residence features a lavish marble spa, a granite kitchen, a bespoke dressing room, a newly minted gym and an idyllic retreat for guests.
Denny made his fortune selling cars in Europe, before selling up his dealership AAA Autos to Polish private equity firm Abris Capital Partners for $320 million in 2014. He later turned into a property developer as the founder and chief executive of Central Real Capital. His wealth was estimated at $790 million, up 4.6 per cent year-on-year, according to The Australian Financial Review' s Rich List.
The 62-year-old has since become a qualified horticulturist, a major backer of ASX-listed crop nutrient play RLF Agtech, and is based in the Central Coast where he is spending more time on his farm.
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'My house in Point Piper, which I truly love, is simply too big for my wife and me and we are looking at downsizing to an apartment in Double Bay, hopefully and eventually to one of the future newly built apartments on top of the Intercontinental,' Denny told The Sydney Morning Herald. 'Up until that moment we will purchase an apartment near the water in Double Bay. I am only in Sydney one night a week, and my wife one night a month. Life on the farm in Killcare Heights is simply awesome!'
If the property sells, Denny could double his money for it given he only purchased the residence some four years ago for $19.5 million from dentist Le Tran, after reading about the home up for sale in this very column.
The property has a history of well-known owners, including Seven's then-commercial director Bruce McWilliam, who sold it to Dr Tran for $16.1 million. McWilliam purchased it two years prior from investment financier Greg Woolley for $13.65 million.
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