A former home owned by Australia's richest family was sold days before it went up for auction. Mining heiress and head of the Hancock Prospecting Group, Gina Rinehart, reportedly sold the former home of her daughter, Hope Welker, in Mosman for an undisclosed priced over the weekend.
According to News.com.au, the property reportedly fetched a price more than its listed price guide of $5 million for the March 26 auction with Ray White Lower North Shore.
The four-bedroom house designed by Corben Architects and constructed eight years ago was a top property. It boasted of four king-sized bedrooms and four bathrooms, said News.com.au.
One of the highlights of the non-waterfront property was the view it afforded its former owners, Ryan and Hope Welker. The master suite is outfitted with a sliding door that opens to a patio to an amazing view of the city skyline and the Harbour Bridge.
The house's bathrooms have separate his and hers vanity sink and mirrors along with heated tiles for comfort from the cold.
It also comes with a media room and a marble island kitchen table complete with built-in Miele brand appliances.
A step outside and one would be welcomed into a wide and neatly trimmed garden with a swimming pool for the hot days. Meanwhile, a heated cabana beside the pool is available for guests when the water becomes too cold for swimming.
The house comes in a modern design of open-plan spaces, which are seen in the way the living area transitions immediately to the dining room.
Rinehart purchased the property for her daughter in 2007 for the price of $5.4 million from the original family who built it, said Domain. It was acquired under the billionaire's company 150 Investments Pty Ltd. when her daughter was still a co-director of the company.
Welker and her former husband stayed in the Mosman property until 2011, when they left for New York over a family dispute regarding control of the numerous companies they own.
Welker has since been removed as a director of the firm.
The company initially tried to sell the Mosman real estate in 2013 but the auction was unsuccessful.
In March 2015, the mining magnate once again tried to list the house and it has since been acquired.
