Salim Mehajer officially loses his $3.5 million famous Sydney mansion with marble staircase
The Sydney home once famously occupied by disgraced property developer Salim Mehajer, with a $1m marble staircase, will soon hit the market.
The keys to Salim Mehajer’s infamous mega-mansion have finally landed in the hands of creditors as the disgraced former property developer remains behind bars.
The luxurious home in Lidcombe, in western Sydney, which could sell for more than $3.5 million, has been successfully repossessed by National Australia Bank.
Mehajer in December had an application for an injunction to stop NAB selling his two Lidcombe homes rejected in the Federal Court.
A judge found the request to be an “abuse of process”, ultimately giving permission for the bank to repossess both homes, which Mehajer had defaulted on loan repayments for.
The former deputy mayor of Auburn City Council was declared bankrupt in 2018, and found to be in arrears to creditors to the tune of $24 million.
Four million of that was a NAB loan for two Lidcombe properties, a court heard, which he defaulted on.
NAB sought to repossess and sell his two houses – the mansion, and another nearby on Ann Street.
Mehajer now has no choice but to await in anticipation from Cooma Correctional Centre for his six-bedroom, five-bathroom home with a $1 million staircase to hit the market.
The home, purchased by Mehajer in 2007 for $565,000, has been the centre of nationwide interest in recent years, with it famously featuring in a video for US rap artist Bow Wow.
The 845sq m mansion was in 2017 advertised for rent at $2950 a week.
It also boasts a “13-car basement, home theatre complete with massage chairs”, a Swarovski crystal chandelier, jacuzzi and private sauna.
“Did you know I designed, built and hand picked every single item in the house, from the screws that are (in) the hinges to the light bulb luminosity,” Mehajer wrote in a 2017 Instagram post after he announced he was moving out of the house and putting it up for rent.
Mehajer was early last year jailed for at least two years and three months for lying under oath to further his business interests.
NAB declined to comment when contacted by news.com.au.