I go Chop your dollar, Ctd

Terry Serepisos continues to chop dollars:

Two Roseneath homes and a Queenstown holiday home that were owned by bankrupted businessman Terry Serepisos have been sold in mortgagee auctions.

One of his Wellington homes, a 1950s house at 21 Robieson St sold for $660,000, well over its $590,000 rating value. The other, a “character bungalow” at 23 Robieson St went for $705,000 – well under its $960,000 rating value.

His three bedroom, two bathroom Queenstown holiday home was sold to a Southland man for $1.01 million – $440,000 less than its rating value.

Harcourts Wellington sales manager Antonia Brown said the Robieson St sales were originally scheduled to be held a week earlier but were put off at the request of the ASB Bank just 10 minutes before the sale was due to start. The 50 would- be buyers came back on Wednesday and there was keen bidding.

Both were 120 square metre homes and “a bit tired”. While they did not have drive-on access, they had great views of the harbour and were in a street where homes go for more than $1m.

The ANZ Bank had instructed the sale of two of Mr Serepisos’ other Roseneath homes, she said.

One of them, a 156 square metre home at 20 Thane Rd with a rating value of $950,000, is to be auctioned on November 30. The house had “weathertightness issues” and “serious work needed to be done”.

The other was a 260sqm multi- level home at 15 Robieson St which had a rating value of $1,025,000.

It is looking increasingly like the assets supporting his multitude of loans aren’t going to cover much.

Still waiting for that writ Terry.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.