Former investment firm Babcock & Brown's head of infrastructure Peter Hofbauer has sold his Mosman harbour-front six-bedroom mansion on Bradleys Head Road in Sydney for about $16 million.
In a quick sale that took less than a month, a local Mosman buyer with links to the investment banking circuit snapped up the home, one of the jewels of the lower north shore exclusive suburb.
In three weeks at least five parties, including a foreign buyer, inspected the palatial period 2244sq m home with gun-barrel views of the Sydney Harbour Bridge and the Opera House.
The Hofbauers, now based in London for work and university, have owned the home for 15 years, but have not spent much time at the residence which comes with a pool and a tennis court.
The property also has a cedar climate-controlled wine cellar and separate self-contained accommodation for guests.
The entrance of the property has a marble foyer with a soaring ornate arched hallway and there is also a three-car garage.
Mr Hofbauer said it was a sad decision to sell the home, which also bore memories of many Babcock & Brown celebratory parties. Babcock & Brown consolidated in late 2010 after collapsing during the global financial crisis.
He now oversees infrastructure investments at Hermes, which is owned by BT Pension Scheme in London, while his children study at Oxford University.
When the Hofbauers bought 30 Bradleys Head Road in 2001 for $7.15 million, it set a non-waterfront record for the suburb.
McGrath's Michael Rava and Michael Coombs executed the deal but were not available for comment.
