Australia: Colourful former NSW cricket director's $13.5 million Sydney home goes up in flames - - PressFrom - Australia

Australia Colourful former NSW cricket director's $13.5 million Sydney home goes up in flames

06:15  07 november  2019
06:15  07 november  2019 Source:

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NSW police said officers were investigating the cause of the blaze but it was too early to say whether there were any suspicious circumstances. The fire at the Gold Fields House building in Circular Quay on Tuesday. The fire, while adding another colourful footnote to the history of the exclusive Circular

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a man standing in front of a brick building: Danny Bhandari, the entrepreneur and enthusiastic cricketer, in 2012.© Michelle Mossop Danny Bhandari, the entrepreneur and enthusiastic cricketer, in 2012.

Former Young Rich Lister and Cricket NSW board member Danny Bhandari's prestigious home overlooking Centennial Park, which had been on sale for about nine months for $13.5 million, went up in flames on Wednesday night.

Sotheby's real estate agent Michael Pallier, who was handling the sale, said it had been "a $6 million fire," in reference to the build cost of the lavish three-storey property.

The property, which was empty at the time of the fire, belongs to Anita Bhandari, wife of former BRW Young Rich Lister Danny Bhandari.

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Mr Bhandari sits on the board of Venues NSW but resigned as a director of Cricket NSW last year after an incident in which he made "avoidable hand contact to the head" of an opponent after he was dismissed for a duck in a second grade match for University of NSW.

a pool next to a building: The Bhandaris' home before it caught fire.© Supplied The Bhandaris' home before it caught fire.

Locals said they were shocked the fire, which was so severe the roof caved in, happened on such a quiet, leafy street. "You wouldn’t expect it to happen on a street like this," one said.

Acting Superintendent Nick Andronicos, from Fire and Rescue NSW, said flames could still be seen peaking above the collapsed roof on Thursday morning, forcing firefighters to douse the roof in water from a crane before they could enter.

"With a house this big, it’s a bit like a factory fire," Superintendent Andronicos said.

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A two-storey waterfront home on Sydney ' s northern beaches went up in flames on Thursday night in a blaze that authorities suspect may have been deliberately lit. The house is on an exclusive row of tightly-held waterfront properties. The last home sold nearby, which has a pool and jetty, went for

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Hotspots prevented emergency personnel entering the property on Thursday morning and the cause of the blaze is yet to be determined.

The Bhandaris bought the 800 square metre property a decade ago for $8 million from lawyer Adrienne Showering, and in 2011 commissioned a major rebuild.

The contemporary residence that took shape at an estimated cost of $6 million was spread over three levels with an elevated rear lawn and underground parking below it, and a floor-plan that includes three bedrooms and a rumpus upstairs, and an open-plan living area, media room and gym on entry level.

Mr Pallier said he did not know if the property would still be sold because he had not yet spoken to the vendor.

Mr Bhandari co-founded the trading firm Tibra Capital in 2006 and three years later debuted on the BRW Young Rich List with a net worth of $40 million.

His former employer, the trading company Optiver, claimed in a lawsuit Mr Bhandari and several of his colleagues used its confidential information at Tibra. Tibra strongly denied the claims and the matter settled in 2014 without any admissions.

The property dates back to 1908 when it was built as a single-level residence with nine rooms and a slate roof for David Boyce, a pioneer of the jam manufacturing and fruit canning industry.

Renovations in the 1960s and 1993 removed most of the home's heritage features, leaving what Sydney City council records described as a "somewhat characterless building".

Calls and messages to Mr Bhandari went unanswered on Thursday.

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