LACHLAN Murdoch is the latest young billionaire to expand his Sydney property holding, buying a delapidated property abutting the Bellevue Hill mansion he paid $23 million for last year.
The latest purchase, in Drumalbyn Road, was marketed as a renovation rescue and cost the couple $2.63 million. Spread over 1049 square metres, the property purchase gives Lachlan and wife Sarah, a second road to enter or exit their secluded estate.
The couple’s Bellevue Hill mansion, Le Manoir, was formerly occupied by the French trade minister.
It includes a tennis court, pool and garden and is spread over 4097 square metres.
Le Manoir (pictured, right), and the new Drumalbyn Road property (which would be to the left of the boundary marked in the image) are elevated, offering post card water views.
The properties are expected to be amalgamated, and then the main home renovated, seeing the couple are renting another $45 million home around the corner for two years, according to The Brisbane Times
Rival media family the Packer’s own nine adjoining Bellevue Hill properties measuring 11,000 square metres and purchased in stages since 1935.
Recently James Packer, which sits on the Channel Ten board with Lachlan Murdoch, purchased three adjoining properties in Vaucluse and is reconfiguring them into one 3360 square metre estate.