Waterfront block at Wolseley Rd, Point Piper, sells for $22m

Waterfront block at Wolseley Rd, Point Piper, sells for $22m

Chinese businessman Yunji Huang.has offloaded an empty waterfront block in Point Piper for what sources say was about $22.5 million.

LJ Hooker Double Bay supremo Bill Malouf would only confirm that he sold a “block of dirt” at 42 Wolseley Rd on the days leading up to Christmas, without giving details.

The other sources said that the 735sqm block, which has magic views of the harbour to the CBD and Harbour Bridge, had been bought by a trust based on the north shore.

Property developer and Sydney FC chairman Scott Barlow and his wife, Double Bay jeweller Alina, lives close by in a Wolseley Rd mansion and Mr Barlow had previously owned the block.

He’d sold the block which then had an old house on it to Mr Huang with DA-approved plans for an Alec Tzannes redevelopment for $14.35 million in September, 2013.

The plans were for five-level residence with six-metre high glass walls, six bedrooms, bathrooms and security parking for four cars.

It would have cost at least $10 million to build.

The old house was knocked down but the site has never been redeveloped.

Another wag suggested the mystery buyer could even be Mr Barlow’s wealthy father-in-law,

the Russian billionaire David Traktovenko, the owner of the Sydney FC soccer club. He also owns a Mosman mansion.

The Wentworth Courier attempted to contact Mr Barlow for comment but he didn’t return the call.

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