Peppermint Grove

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<p>With the Oswal's $70 million partially built Peppermint Grove mansion, dubbed 'Taj on Swan' by locals, demolished, Perth agents Vivien Yap of LJ Hooker and William Porteous have been appointed by the Oswals to sell the 6,600sqm lot.</p>
<p>It is said to be worth around $30 million. The property is for sale by expression of interest.</p>
<p>The incompleted house was the subject of a long-running battle between the owners and the council after it was abandoned when the Oswals left Australia in December 2010. </p>
<p>The original plans for the palatial home included seven domes, a temple, a gym and swimming pool.</p>
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Taj on Swan vacant block listed for sale

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<p>Behind the white picket fence, a single level, Neil Robertson architect designed home has been listed in Peppermint Grove in Western Australia.</p>
<p>Built in the classic character style, the charming cottage exterior has been maintained over the last 20 years since its construction.</p>
<p>The formal front garden at <a href="https://www.realestate.com.au/property-house-wa-peppermint+grove-126493478" target="_blank">2 Harvey Street</a> was designed in the style of leading Australian landscape gardener Paul Bangay.</p>
<p>There are established fruit trees of mango, citrus, pomegranate and macadamia.</p>
<p>Set on 750 square metres, the home has four bedrooms, three bathrooms. </p>
<p>The charming cottage exterior belies the size and scale of the interior, the Peter Burns at Mack Hall listing agency said.</p>
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Neil Robertson-designed home in Paul Bangay gardens at Peppermint Grove

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<div>The abandoned home building block of flamboyant billionaire tycoons, Pankaj and Radhika Oswal was passed in at Saturday auction in Perth.</div>
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<div>The top bid was $15.6 million with three of the five registered parties competing for the prize parcel at Peppermint Grove.</div>
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<div>Two years ago there were $30 million hopes for the prestigious Perth offering, after the partially built so-called Taj on Swan mansion was demolished under council orders.</div>
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<div>The 6582 sqm site, which could fit six homes, had reduced $19.5 million hopes last year.</div>
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<div>The mansion with Swan River views sat unfinished after the Oswals quit Australia in 2010 amid a dispute with bankers about the wind up and sale of their fertiliser business.</div>
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<div>The Oswal family had controlled WA's $700 million Burrup Fertilisers gas-processing plant</div>
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<div>Auctioneer Mack Hall received an opening bid of $10 million, with offers quickly jumping up in $1 million increments before proceedings paused for negotiation at around the $14 million mark. </div>
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Taj on Swan auction stops with $15.6 million offer

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<p>Perth's weak auction market continued with its weekend clearance rate stuck in the 30s.</p>
<p>Its ailing auction market has rarely captured much national attention, but next weekend sees the notorious and prestigious Peppermint Grove super block of Pankaj and Radhika Oswal go to auction.</p>
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<p>The <a id="LPlnk998012" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-residential+land-wa-peppermint+grove-202042586" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2 Bay View Road site</a> has been listed through Ray White agent Vivien Yap <a id="LPlnk350139" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-residential+land-wa-peppermint+grove-202144098" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">inconjuction with Sotheby's agent Graham Bowie</a>.</p>
<p>The partially built so-called Taj on Swan mansion was demolished under council orders in 2016.</p>
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<p>The mansion with Swan River views had sat unfinished after the Oswals quit Australia in 2010.</p>
<p>It is now being marketed as "the most famous block in Australia."</p>
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<p>Initially there was a $30 million asking price for the super block, which over the years has been subject of international media attention.</p>
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<p>The 6582 sqm site, which could fit six homes, then came with reduced $19.5 million hopes last year.</p>
<p>The Oswals bought the consolidated block for $22.7 million in 2007 and started construction a year later.</p>
<p>The Oswal family, who controlled the $700 million Burrup Fertilisers gas-processing plant on the Burrup Peninsula, planned to build a "two- storey, Indian-infused luxury residence" on the eight lots they bought from property tycoon Warren Anderson in the heart of Peppermint Grove.</p>
<p>Anderson's super block sat vacant for many years. He created it in 1986 when his company bought 11 houses and demolished most of them. It was subdivided into 22 blocks of which the Oswal bought eight for $22.7 million</p>
<p>Sydney had the dearest weekend auction result when <a id="LPlnk837609" class="x_OWAAutoLink" href="https://www.realestate.com.au/sold/property-house-nsw-burraneer-128589450" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">18 Rutherford Av, Burraneer</a> fetched $4.75 million pre-auction through estate agent David Highland. </p>
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<p>The deep waterfront 1150 sqm parcel of land came with house set over three substantial levels with expansive views over Gunnamatta Bay.</p>
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<p>There were 400 auctions held in Sydney returning a preliminary auction clearance rate of 61.3 per cent. </p>
<p>Sydney's prior week saw 408 auctions held with a final clearance rate of just 46.9 per cent, the lowest clearance rate the city has seen since December 2012. </p>
<p>This time last year, 70.3 per cent of the 625 Sydney auctions held were successful.</p>
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<p>Melbourne was the busiest capital city for auctions, with 612 homes going under the hammer, returning a preliminary clearance rate of 62.3 per cent, compared to last week when 56.2 per cent of the 559 auctions were successful. </p>
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<p>Over the same week last year, there were 833 auctions held in Melbourne, returning a clearance rate of 73.8 per cent.</p>
<p>Melbourne's dearest reported sale was $2.74 million in Albert Park for a three bedroom, two level modernised terrace at 18 Page Street. There had been <a id="LPlnk98320" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-vic-albert+park-128683478" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">$2.5 million to $2.7 million price guidance</a> through Greg Hocking Holdsworth. </p>
<p>The highest preliminary clearance rate was recorded in Adelaide where 75 percent of the 48 reported auctions were successful.</p>
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<p>The nation's cheapest weekend sale was in Perth where a three bedroom brick and tile home sold for <a id="LPlnk909481" class="x_OWAAutoLink" href="https://www.realestate.com.au/property-house-wa-armadale-128592790" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">$165,000 at Armadale</a>, located on the south-eastern edge of Perth's metropolitan area.</p>
<p>The 1970s house has a renovated kitchen, new carpet in the bedrooms and a fresh coat of paint, Professionals Armadale selling agent Shane Denniston noted.</p>
<p>It had last sold at $270,000 in 2007 and at $185,000 in 2005.</p>
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<p>Perth's 38.5 percent success rate was the weakest auction market sitting behind Brisbane's 44 percent.</p>
<p>Perth's best auction clearance rates saw a 60 percent plus peak in 2013 and before that in the 50s in 2010.</p>
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<p>Perth dwelling values were 0.7 percent over the three months to June 2018 and 2.1 percent lower over the past year. </p>
<p>Dwelling values in Perth are now 11.4% lower than they were at their peak in June 2014, CoreLogic advise.</p>
<p>The national weekend auction volumes increased slightly over the week with 1,246 homes taken to auction across the combined capital cities, up from the 1,178 in the prior week, according to CoreLogic.</p>
<p>The preliminary clearance rate was recorded at 60.6 per cent this week, after finalised clearance rates have held around 52 per cent for the last three weeks.</p>
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Taj on the Swan set for auction in ailing Perth market

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<p>The new owner of Peppermint Grove’s Taj-on-Swan superblock has emerged as businessman John Gillett.</p>
<p>He plans to build a family home to share with his family, The Weekend West reported after the $17 million acquisition.</p>
<p>Mr Gillett is a former Moran Health Care executive who sold WA aged care provider Craigcare last year in a deal worth $50 million to $100 million. </p>
<p>The Nedlands-based businessman bought the business in 2003 for a reported $25 million from the Pix family.</p>
<p>The business was sold to Bain Capital coming with about 900 beds across seven aged care and retirement homes in WA and Victoria.</p>
<p>The Bayview Avenue block, which had a $30 million price tag <a href="https://www.urban.com.au/news/87055-taj-on-the-swan-set-for-auction-in-ailing-perth-market" target="_blank">two years ago</a>, failed to sell at auction last month.</p>
<p>It was passed in <a href="https://www.urban.com.au/news/87323-taj-on-swan-auction-stops-with-15-6-million-offer" target="_blank">at $15.6 million.</a></p>
<p>Speaking publicly about his purchase for the first time, Mr Gillett told The West as a private person he had “naively” hoped to avoid attention.</p>
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John Gillett emerges Peppermint Grove’s Taj-on-Swan super block

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<p>Taj on Swan, Perth's notorious building block, has gone under offer following last weekend's auction where the bidding stopped at $15.6 million, with the negotiations apparently getting nearer $17 million.</p>
<p>The abandoned Peppermint Grove home building block of flamboyant billionaire tycoons, Pankaj and Radhika Oswal, listed through Ray White agent Vivien Yap inconjuction with Sotheby's agent Graham Bowie, cost $22.7 million in 2007 when bought from property developer Warren Anderson. </p>
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<div>Marketed as "the most famous block in Australia" the <a id="LPlnk998012" href="https://www.realestate.com.au/property-residential+land-wa-peppermint+grove-202042586" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2 Bay View Road site</a> had $30 million hopes two years ago.</div>
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<div>The mansion with Swan River views sat unfinished after the Oswals quit Australia in 2010 amid a dispute with bankers about the wind up and sale of their fertiliser business.</div>
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<div>The Oswal family had controlled WA's $700 million Burrup Fertilisers gas-processing plant</div>
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<div>The Oswals paid $22.7 million in 2007 then starting construction a year later on a "two-storey, Indian-infused luxury residence." </div>
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Taj on Swan sold at Peppermint Grove

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<p>One of Peppermint Grove’s original houses is set to be auctioned on December 8 for the first time in 13 years after a makeover.</p>
<p>It has been offered by Jody Fewster from Ray White Cottesloe/Mosman Park. </p>
<p>Copley on View, the circa 1930's home situated at <a href="https://www.realestate.com.au/property-house-wa-peppermint+grove-129140650" target="_blank">58 View Street </a><span>was purchased by its current owners in 2005.</span></p>
<p><span>Shortly after it underwent a full renovation and rear-extension addition by architect, Lendis Golic.</span></p>
<p><span><span>The home features original structure including <span>wide, polished jarrah floorboards, formal dining and living rooms joined by a double-storey height, light-filled void' zone, ceiling to floor window and the walnut, timber-clad stairwell.</span></span></span></p>
<p><span><span><span><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/3/peppermint%20grove%202.jpg" alt=""></span></span></span></p>
<p><span><span><span>It comes with four bedrooms, five bathrooms, ground-floor office, wine cellar, gym or hobby room, storage rooms and marble-clad laundry plus secure garage. </span></span></span></p>
<p>It has been listed for the past 100 days by Perth charity fundraiser Hilda Shroy.</p>
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<p>“My home has been a giving home with many fundraisers,” Mrs Shroy said.</p>
<p>It is within short walking distance to Gill Street <span>Café, St Hilda's Senior School, Freshwater Bay Yacht Club and <span>Cottesloe Central and Napoleon Street Café precinct.</span></span> </p>
<p>The property goes to auction on December 8 on-site.</p>
<p>The suburb's median house price sits at<a href="https://www.urban.com.au/news/11669-peppermint-grove-wa" target="_blank"> $3.875 million</a>, according to CoreLogic. </p>
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Peppermint Grove trophy home Copley on View for December auction

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<p>A Tudor style residence in Peppermint Grove, Western Australia has hit the market with $5.95 million hopes. </p>
<p>The home at<a href="https://www.realestate.com.au/property-house-wa-peppermint+grove-132552150" target="_blank"> 33 McNeil Street</a>, restored just 5 years ago, is now a showpiece example of <span>heritage listed architecture.</span></p>
<p><span>Justin Davies of Space Real Estate Cottesloe has the listing. </span></p>
<p><span>Set within a <span>sought after street lined with Peppermint trees, the home features gabled roof <span>characterising its Tudor style and front façade draped in vine leaves.</span></span></span></p>
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<p><span><span><span>It comprises traditional den study, gourmet kitchen, formal and informal living, master suite and two self-contained guest lodgings.</span></span></span></p>
<p><span><span><span>The recently added loft space is large enough to incorporate a lounge setting and bedroom suite. </span></span></span></p>
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<p><span><span><span>Other highlights include manicured garden, solar heated pool, decked patio alfresco area, and double garage plus additional parking.</span></span></span></p>
<p><span><span><span>The home is within walking distance to elite private schools and shopping centre. </span></span></span></p>
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Peppermint Grove restored historic home hits the market 

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<p>The businessman John Gillett has decided to sell three redundant blocks of the Taj on Swan site <a href="https://www.afr.com/property/residential/taj-on-swan-owners-set-to-lose-more-than-5m-as-peppermint-grove-site-sells-20180807-h13mps">he bought last year for $17 million</a> in Peppermint Grove.</p>
<p>It was bought from former fertiliser entrepreneur Pankaj Oswal and his wife Radhika.</p>
<p>Gillett and his wife Jocelyn have applied to the WA Planning Commission to split their 6580 square metre superblock.</p>
<p>They have sought three blocks - 765 square metres, 875 square metres and 1104 square metres.</p>
<p>The abandoned home building block of flamboyant billionaire tycoons, Pankaj and Radhika Oswal was sold earlier this year.</p>
<p>Marketed as "the most famous block in Australia" the <a id="LPlnk998012" href="https://www.realestate.com.au/property-residential+land-wa-peppermint+grove-202042586" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">2 Bay View Road site</a> was sold through Ray White agent Vivien Yap in conjuction with Sotheby's agent Graham Bowie. </p>
<p>The now demolished mansion with Swan River views sat unfinished after the Oswals quit Australia in 2010 amid a dispute with bankers about the wind up and sale of their fertiliser business.</p>
<p>The Oswal family had controlled WA's $700 million Burrup Fertilisers gas-processing plant.</p>
<p>The Oswals paid $22.7 million in 2007 when it was bought from developer Warren Anderson then starting construction a year later on a "two-storey, Indian-infused luxury residence".</p>
<p>"The Gillett family is optimistic that the rarity of blocks in this superb location, plus a gradually improving property market, means that the land will be attractive to buyers," a spokesman for Gillett told Nine Entertainment.</p>
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