Builders sue Kyle Sandilands over renovation work on unsold Glenorie estate
Kyle Sandilands' country estate in Glenorie, Sydney, which has struggled to sell despite significant price reductions, faces fresh complications after luxury builders launched civil proceedings against him. Alter Build Co Pty Ltd filed a statement of claim in NSW District Court relating to goods and services connected to the extensive renovation works carried out on the property, adding another complication to his property woes.
Sandilands purchased the 9,580-square-metre property for $3 million in 2022 and renovated the dilapidated 1970s structure into a six-bedroom, five-bathroom Georgian-style mansion inspired by Elvis Presley's Graceland. Initially listed at $5.7–5.9 million, the asking price was reduced to $4.9 million and the home remains unsold. The dispute comes amid significant financial strain on the radio broadcaster, who was suspended and subsequently terminated from KIIS FM in March, settling with parent company ARN for approximately $14 million in June.
- Kyle Sandilands' Glenorie estate remains unsold despite price cuts after builders sue him
- Bought for $3M, listed at $4.9M, with $2M mortgage at 17% rates
- Legal action follows his termination from KIIS FM and settlement with ARN
New here? Start with this
Kyle Sandilands is an Australian radio broadcaster who was suspended and subsequently terminated from KIIS FM in March. He settled with parent company ARN in June following his departure from the station.
In 2022, Sandilands purchased a 9,580-square-metre property in Glenorie, west of Sydney, for $3 million. He commissioned extensive renovation work to convert the 1970s house into a six-bedroom Georgian-style mansion. Initially listed at $5.7 to $5.9 million, the asking price has been reduced to $4.9 million and the property remains unsold.
The property sale follows Sandilands' recent departure from KIIS FM. The property purchase and extensive renovation work represent substantial financial commitments at a time of employment transition.
Read the full article at the source →
Originally published by Daily Mail as “Kyle Sandilands’ massive country estate which remains unsold at $5million despite price slash hits another snag – as luxury developers launch civil lawsuit against him”.