$50 million and they said no

By Jonathan Chancellor Property Editor

January 27, 2007

OFFERS of $50 million or more have failed to secure
Balmoral’s most impressive harbour front property.

The offers far exceed the $28 million paid for the most
expensive home in Australia, Altona at Point Piper, in 2002.
But the food importer Roy Manassen and his wife, Cindy,
are not swayed. They want to stay put.

The unsolicited offers – word of which has recently
swept the dress circle avenue, have not even got the
would-be buyers through the front door.

Frustrated Mosman estate agents have been told
their clients cannot inspect the Manassen’s house,
which is the largest residential compound
within the Wyargine Point golden triangle.

The 4770-square metre Hopetoun Avenue holding,
which cost $13.9 million to amalgamate in the late ’90s,
has an imposing Timothy Moon designed clifftop residence
along with a pavilion-style guesthouse closer to
the Middle Harbour foreshore.

The Zurich financier Urs Schwarzenbach and his wife,
the Sydney-born Francesca Schwarzenbach-Mulhall,
have been periodically interested in upgrading
their Balmoral residence, but they did not
inspect the property on their recent vacation.