A billionaire is raising eyebrows after splashing her cash on a $9 million penthouse with an absolutely hideous bathroom.
Gretel Packer, the daughter of media tycoon Kerry Packer, snapped up an apartment in the plush Sydney suburb of Potts Point on Wednesday.
Ms Packer, 56, has a current net worth of US$1.5 billion (A$2.24 billion) according to Forbes’ Billionaire Index.
The two-bedroom, two-bathroom apartment boasts sprawling harbour views thanks to a room almost entirely made up of glass walls.
But one detail stands out from the rest of the penthouse.
One of the bathrooms is an ugly green, with the tiles covering the entire floor and most of the walls, even the bathtub.
The sink is tiny and exposed plumbing makes it appear to have missed out on previous renovations in the unit.
It likely doesn’t matter too much, however. The rich-lister is believed to be planning a knock down job to merge the penthouse with the apartment next door, which she also owns.
Ms Packer is reportedly a fan of Potts Point and has missed out in the past.
In 2019, she tried to buy in a Potts Point development called Omnia, according to realestate.com.au.
Despite her $22 million offer to buy two penthouses side-by-side to each other, she was not able to acquire the properties at the time.
But now, four years later, she’s finally nabbed another one in the area, from the Macleay Regis block, described as an art deco building.
Now there’s nothing stopping her from creating one mega penthouse.
The neighbouring property, which she also owns, is a three-bedroom, three-bathroom penthouse that she snapped up in 2017 for $8.75 million.
It’s been a lot of cash splashing for Ms Packer in March.
Earlier this month she bought a multimillion dollar commercial property with a high rental return, The Australian’s Margin Call reported.
She spent $26.5 million for an office space in Sydney’s Edgecliff, also in the eastern suburbs.
The building generates an annual rental income of about $1 million. Its current tenants are global horse racing company Godolphin, which the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, founded.
The property was settled on March 8.