This article is from the Australian Property Journal archive
PRIVATE equity investment firm Longreach Group’s Mark Chiba has spent $22 million on a Darling Point villa, doubling the $11 million the previous owners splashed on the home.
The circa 1888-built Victorian Italianate villa Trevenna-Roskear, at 71 Darling Point Road, was originally built as two terrace homes but amalgamated by publishing magnate Michael Hannan.
More recently, the property was renovated five years ago by interior designer Darryl Gordon, with landscaping by Annie Wilkes.
The six-bedroom 4.5-bath home occupies a 656sqm parcel, which sits approximately 450 metres from the Double Bay harbourfront and only a short walk from Double Bay Village.
The lower level of the property boasts room adaptable to either a wine cellar or home gym space, while secure double garaging via Marathon Lane is already included.
Ben Collier from The Agency managed the sale of villa, on behalf of was listed by retired barrister Frank Kalyk and his wife Glenda.
Chiba, who is Japanese investment company Longreach Group’s chairman, partner and co-founder spent $22 million on the site, outpacing the the $20 million guide.
The vendors purchased the house back in 2016 for $11 million from Paul Uren, head of investment banking at JPMorgan, Asia Pacific.
With the Uren having spent $8.3 million on the property when buying from Hannan in 2010.
