The disputed mortgagee auction of a luxury Queenstown Hill pad owned by embattled property tycoon Terry Serepisos has been deferred a week.
Queenstown’s Locations Realty had advertised a planned auction of the 31 Belfast Terrace property, valued at $1.6 million, next Thursday.
An agent for the real estate company has said it had been instructed by mortgagee TSB Bank.
Locations Realty sales consultant Chris Campbell today (Friday) announced that “on instruction from TSB bank” the auction had been deferred a week till April 14.
Mountain Scene understands Serepisos is trying to settle with TSB Bank prior to the auction.
Serepisos – owner of football franchise Wellington Phoenix and The Apprentice TV show host – earlier this week denied the home was up for forced sale.
He told Mountain Scene he’d now repaid the debt to TSB Bank and the mortgagee sale wouldn’t be going ahead.
“You will not see my house being on mortgage sale next week,” he said on Wednesday.
That same Wednesday, Locations Realty’s Steve Kirk told Mountain Scene that after speaking to TSB as far as he was aware the sale would still proceed.