Aman, luxury Palm Beach retreat of Tony Morris, relisted

Aman, luxury Palm Beach retreat of Tony Morris, relisted
Jonathan ChancellorNovember 12, 2012

The Palm Beach retreat of the bankrupted Tony Morris, the former GP Noble entrepreneur acquitted recently in a UK trial over fraud allegations, has been relisted for sale.

Morris had been charged with stealing from GP Noble and its pension funds  and was extradited from Sydney to face the charges.

He left behind his former wife, Vanessa, in their $7.45 million Palm Beach clifftop property they named Aman.

There was a rejected application last May to the Australian Federal Magistrates Court by Morris’s bankruptcy trustee Andrew Wily to sell it – for reputedly about $4.6 million.

But Magistrate Rolf Driver ruled against Wily’s application, which required Vanessa’s refused consent to any sale of the northern beaches clifftop house.

It had been passed in on a $5 million vendor bid at its March Raine & Horne auction and has now been set for sale through LJ Hooker Palm Beach with offers due November 29.

LJ Hooker Palm Beach has advised 319 Whale Beach Road is currently being marketed for Vanessa Morris with a price guide of over $5 million. Valuations for the property mentioned in the court in October 2011 ranged from $6.2 million to $6.5 million, hence the hesitation to accept the highest $4.6 million offer, which didn't cover the bank debt.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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