• Thu. Feb 29th, 2024

    Nick Wakim Expands Property Portfolio in Toorak

    Nick Wakim Expands Property Portfolio in Toorak

    In a recent acquisition, Nick Wakim, CEO of Phoenix Lithium and a prominent horse trainer, has added another property to his already impressive portfolio in Toorak, Melbourne. Wakim purchased a home located on Albany Road for his son, Alexander. The off-market deal was brokered by renowned real estate agent Michael Gibson, and the property is rumored to have cost around $40 million.

    Situated on a generous 3669 square meters, the property features a contemporary dwelling with a pool and tennis court, making it an ideal family home. The western boundary of the property boasts an almost-rectangle 1074 square meter tract that was added in 2008. Interestingly, this tract had been previously put on the market for sale in 2015 and 2017 but remained unsold.

    Albany Road, where the property is located, is considered Melbourne’s most exclusive address. It is home to several prominent residents, including Chadstone Shopping Centre co-owner John Gandel, Jayco Caravan founder Gerry Ryan, and Jonathan Deague. Nick Wakim himself owns the neighboring Huntingfield mansion on Albany Road, which he purchased from Barbara Walker for $61 million. With his recent acquisition, it is expected that Alexander Wakim will adopt the prestigious Albany Road address.

    Nick Wakim has been on a property spending spree, with his acquisitions totaling over $145 million. Apart from his properties in Toorak, Wakim also invested in 1233 hectares of Goulburn Valley estates near Seymour, including Allanvane and Hilldene Farm.

    Although there are rumors that Wakim might replace the entire site with a new development, there are also suggestions that he might extend the existing Huntingfield mansion to create a more symmetrical structure if he combines it with the neighboring property.

    Nick Wakim’s acquisition on Albany Road further solidifies his position as a prominent real estate investor in the prestigious suburb of Toorak. As his property portfolio continues to expand, Wakim’s influence in the luxury real estate market remains undeniable.

    FAQ:

    1. Who is Nick Wakim?
    Nick Wakim is the CEO of Phoenix Lithium and a prominent horse trainer. He is also a prominent real estate investor.

    2. What is the recent acquisition made by Nick Wakim?
    Nick Wakim recently purchased a home located on Albany Road in Toorak, Melbourne. He bought the property for his son, Alexander.

    3. How much did the property cost?
    The property is rumored to have cost around $40 million.

    4. What are the features of the property?
    The property is situated on a generous 3669 square meters and features a contemporary dwelling with a pool and tennis court, making it an ideal family home.

    5. What is the significance of Albany Road?
    Albany Road is considered Melbourne’s most exclusive address and is home to several prominent residents.

    6. How many properties does Nick Wakim own in Toorak?
    Nick Wakim owns the neighboring Huntingfield mansion on Albany Road, which he purchased for $61 million. With his recent acquisition, his property portfolio in Toorak expands.

    7. Has Nick Wakim made other property acquisitions?
    Yes, Nick Wakim has been on a property spending spree, with his acquisitions totaling over $145 million. He also invested in Goulburn Valley estates near Seymour.

    8. What are the plans for the acquired property?
    There are rumors that Wakim might replace the entire site with a new development or extend the existing Huntingfield mansion to create a more symmetrical structure by combining it with the neighboring property.

    Definitions:

    – Off-market deal: A real estate transaction that occurs privately, without being listed on the open market.
    – Real estate agent: A professional who assists in buying, selling, or renting properties on behalf of clients.
    – Property portfolio: A collection of properties owned by an individual or entity.
    – Symmetrical structure: A structure that is balanced and has a mirror image on both sides.

    Suggested Related Links:
    Phoenix Lithium
    Chadstone Shopping Centre
    Jayco Caravan