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The house was last sold in 2009 for $ 8 million. It was on the market in February with an asking price of $ 14 million, but was not sold

Generous $ 14 million mansion in one of Sydney's most exclusive suburbs that was destroyed when it went up in flames was owned by a young Rich Lister

  • The three-storey house on the western edge of Centennial Parklands went up in flames at around 8.30 p.m.
  • No one was present at the time, but the owner later returned to find 80 firefighters and 20 fire trucks outside the home
  • Neighbors were evacuated when crews fought successfully to prevent the fire from spreading to other houses
  • Firemen investigate the cause of the fire. No injuries were reported
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A $ 14 million mansion in one of Sydney's most exclusive suburbs that had gone up in flames was owned by a young Rich Lister.

The three-storey house on the western edge of Centennial Parklands went up in flames on Wednesday at 8.30 p.m.

No one was there at the time, but owner, co-founder of Tibra Capital, Danny Bhandari, later returned to find 80 firefighters and 20 fire engines fighting the raging hell.

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The house was last sold in 2009 for $ 8 million. It was on the market in February with an asking price of $ 14 million, but was not sold

The house was last sold in 2009 for $ 8 million. It was on the market in February with an asking price of $ 14 million, but was not sold

No one was present at that time, but owner, Tibra Capital co-founder Danny Bhandari (photo), later returned to find 80 firefighters and 20 fire trucks fighting the raging hell

No one was present at that time, but owner, Tibra Capital co-founder Danny Bhandari (photo), later returned to find 80 firefighters and 20 fire trucks fighting the raging hell

No one was present at that time, but owner, Tibra Capital co-founder Danny Bhandari (photo), later returned to find 80 firefighters and 20 fire trucks fighting the raging hell

Mr. Bhandari and his wife Anita Bhandari bought the property for $ 8 million in 2009, but underwent a makeover of $ 6 million in 2011, the Daily telegram reported.

Mr. Bhandari, who is on the board of Venues NSW, has an estimated net worth of $ 32 million.

He also sat on the Cricket NSW board until he resigned in January last year.

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Mr. Bhandari chose to resign after being found guilty of avoidable contact by the Sydney Cricket Association Judiciary Committee and two matches suspended.

He was reported by referees after a second class game and went off pending the hearing of the Cricket NSW board. While he was found guilty, the hearing concluded that there was no malice in his actions.

His house was high tech and contained a lot of electrical wiring.

The property features an underground parking garage, a fitness room, and a media room. It had been on the market for the past nine months for $ 13.5 million for the fire.

Fire crews, called by a neighbor who thought a tree was on fire at 8.30 pm, extinguished the flames at midnight but remained on scene until 6.20 am this morning to ensure that the fire did not restart.

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Neighbors were evacuated when crews fought successfully to prevent the fire from spreading to other houses.

Fire investigators have to comb the building today to find out what hell could have caused.

A spokesperson for the NSW Police said: & Police from Surry Hills Police District was present and helped evacuate neighboring properties.

& # 39; With such a large house it looks a bit like a factory fire & # 39 ;, said Chief Inspector Nick Andronicos of Fire and Rescue NSW.

The house on the 800 square meter site was built in 1908 for jam maker David Boyce. At the time it was ground floor with nine bedrooms.

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The heritage features were removed between the 1960s and 1990s.

Inferno: the three-story house (photo) on the western edge of Centennial Parklands went up in flames on Wednesday at 8:30 PM

Carnage: Police from Surry Hills Police District helped evacuate people in adjacent homes. Pictured: the house on fire

Carnage: Police from Surry Hills Police District helped evacuate people in adjacent homes. Pictured: the house on fire

Carnage: Police from Surry Hills Police District helped evacuate people in adjacent homes. Pictured: the house on fire

Response: Neighbors were evacuated while crews (photo) successfully fought to prevent the fire from spreading to other houses
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Response: Neighbors were evacuated while crews (photo) successfully fought to prevent the fire from spreading to other houses

Response: Neighbors were evacuated while crews (photo) successfully fought to prevent the fire from spreading to other houses

Ruined: there was no one back then, but the owner came back later to find 80 firefighters and 20 fire trucks. Pictured: Firefighters in a cherry picker try to extinguish the fire

Ruined: there was no one back then, but the owner came back later to find 80 firefighters and 20 fire trucks. Pictured: Firefighters in a cherry picker try to extinguish the fire

Ruined: there was no one back then, but the owner came back later to find 80 firefighters and 20 fire trucks. Pictured: Firefighters in a cherry picker try to extinguish the fire

Blaze: Up to 80 firefighters (photo) fought against hell and police (photo) were naturally present

Blaze: Up to 80 firefighters (photo) fought against hell and police (photo) were naturally present

Blaze: Up to 80 firefighters (photo) fought against hell and police (photo) were naturally present

Destruction: The fire was so powerful that it took 20 firefighters to hurry to the stage to try to put it out

Destruction: The fire was so powerful that it took 20 firefighters to hurry to the stage to try to put it out

Destruction: The fire was so powerful that it took 20 firefighters to hurry to the stage to try to put it out

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