UPDATE 5/6/05

From Sydney Morning Herald 4/4/05:

The property has now sold for an undisclosed price after being passed in at $2.75 million through Meares & Associates and Christie's Great Estates.

"Designed by the Newcastle Federation-era architect Frederick Menkens, the 1898 seven-bedroom, sandstone mansion stands on a 750sqm footprint on the 190-hectare Denman holding. Everett, head of the women's lingerie firm UnderCoverWear, secured the property in the 1990s from Neil and Pam Burling for $865,000. The property dates from a land grant taken up in 1825 by Captain John Pike when he and a fellow explorer, Archibald Bell, reached Denman via what was later named the Bells Line of Road. Pike sold to his explorer friend in 1859 and the Bell family held the property until the late 1970s".

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In Property News this week, Pickering, the 190 hectare property in the NSW Hunter Valley used for thoroughbred horse-breeding and cattle grazing was passed in at auction for $2.75 million. A price between $2.5 million and $3 million had been expected. The property includes a 1898 mansion with seven bedrooms. Current owners are John and Sonya Everett.

Source: Australian Financial Review