Auckland mansions sell for $28 million (NZ)
14 June 2003, Auckland Stuff
of the country's grandest mansions have sold for more than $28 million.
The 93-year-old home was tipped to be the first residential property in New Zealand to fetch more than $10 million when it went on the market in 2001.
It is also the first to be marketed by Sotheby's International Realty, which specialises in promoting luxury properties.
A large house nearby, owned by Auckland businessman and bloodstock investor Robert Famularo, of Euroglass Systems, and his wife Kerry, late last year for $7.8 million.
Millionaire Mercedes car dealer Colin Giltrap and his wife, Jennifer, have just entered a deal to sell their Herne Bay mansion for $7.2 million.
The Giltrap house was designed by award-winning architect Pete Bosley, inspired by Frank Lloyd Wright. The 900sq m home, just 10 minutes from the central business district on the water, is built in native timbers and schist.
The Weekend Australian featured the 2048sq m property in March when it was marketed by Bayleys as "the country's most expensive residential strip". It has a blue-tiled pool, a shell garden leading to the water's edge and a large office.
The Giltraps have bought two penthouse apartments atop Nigel McKenna's almost finished Lighter Quay, a 40-unit block in the Viaduct Basin.
They were estimated by last year's National Business Review rich-list as having at least $215 million, gained from owning a string of luxury car sales businesses, including Giltrap Prestige, a state-of-the-art luxury car showroom in Grey Lynn.
In December, former Carter Holt Harvey chief executive Chris Liddell sold his house in Remuera for $4.9 million, while a Takapuna mansion sold over the Internet two years ago for $8.3 million, thought to be a record price for New Zealand