{Hardware} tsar sells Bellevue Hill house in non-public deal for $45m

The Bellevue Hill house of {hardware} tsar turned property developer Fedor Czeiger and his spouse, Elizabeth, has offered for $45m in a personal deal.

The couple had purchased the four-bedroom French Riviera-inspired residence on a 1,252sqm block at 28 Victoria Rd for $6.25m in 2012 from the property of the late Girl Sonia McMahon.

However now a caveat on the title reveals it’s been snapped up by Yi Dong and Moquan Dong, who’re believed to have hyperlinks to the house owners of the neighbouring 774sqm property, Xiao Bei Shi, the spouse of billionaire property developer Phillip Dong Fang Lee, of 26A Victoria Rd.

The developer and his spouse have been within the information simply final month for clashing with Mid North Coast locals over their plans to carve up a uncommon 400ha bush block for housing — the locals say it must be nationwide park.

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And in 2022, an inquiry investigating The Star Leisure Group’s suitability to run its Sydney on line casino was advised Mr Lee was a excessive curler who spent almost $100m playing on a prohibited Chinese language debt card.

In 2021, the couple had their huge community of Australian property — together with their $40m Level Piper mansion and a spread of their funding properties — frozen because the tax workplace pursued them for greater than $272m.

The off-market deal on the Czeiger mansion is known to have been negotiated final week with no brokers concerned.

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Effectively positioned sources say it was a deal completed privately between the neighbours.

The Czeiger household reportedly immigrated from Romania to Sydney’s east and constructed their {hardware} enterprise from the bottom up, with Fedor’s son Steven Czeiger now working seven Sunlite Mitre 10 shops.

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The off-market transaction was simply certainly one of a number of huge offers in Sydney’s east in current weeks, with the McGrath Double Bay duo Luke Hogan and William Manning behind a number of.

The pair declined to substantiate it, however sources say they’ve offered 5 Fitzwilliam Rd, Vaucluse — the house of Bluegum prescribed drugs CEO Brett Ditchfield and his spouse, Debbie — within the early $16m vary.

That’s greater than 3 times the $5.21m they purchased it for 10 years in the past.

Hogan and Manning have been additionally behind the second greatest sale of the yr — near $50m for Kambala Rd, Bellevue Hill house of filmmaker Warwick Ross.