Wanderers chairman scores $15.5 million in Point Piper


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As investment properties go, the Point Piper property of Western Sydney Wanderers chairman Paul Lederer was a decent earner, selling for about $15.5 million.

Rich Lister and Western Sydney Wanderers chairman Paul Lederer and his wife Eva have sold their Point Piper investment property for about $15.5 million.

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The deal ends a year-long sales campaign that started with $20 million hopes before it was relisted with Bart Doff, of Laing+ Simmons Double Bay.

Doff was unavailable to comment on the sale figure, but an offer of $15.5 million was reportedly knocked back at auction last week, and sources say it then sold for close to that.

Lederer bought the Wyuna Road property designed by architect John Suttor in 1992 for $2.8 million from businessman Charles Scarf and his wife Maria.

Lederer, who part-owns the A-League Sydney soccer club, made his fortune in the smallgoods business, selling the Primo Smallgoods business two years ago for $1.45 billion. He was ranked Australia's 73rd richest person on this year's Financial Review Rich List with a worth of $824 million.

He and his wife Eva remain Point Piper locals, having traded up to the $26 million house on nearby Wolseley Road they bought in 2008.

???Point Piper's turnover has ramped up in recent months with a run of high-end sales. The house two doors from the Lederer property sold recently for more than $20 million to LA-based entrepreneur and star of the Shark Tank reality show Andrew Banks and his wife Andrea.

Luxury car importer Neville Crichton sold his waterfront home for more than $36 million last month to property investor Andrew Potter, who in turn sold his nearby waterfront home on Wunulla Road for $20 million to the Mayo family.

The story Wanderers chairman scores $15.5 million in Point Piper first appeared on The Sydney Morning Herald.

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