A Sydney property belonging to New Zealand luxury car distributor Neville Crichton has reportedly been sold for more than A$60 million.
The six-bedroom waterfront property is believed to be the third-most-expensive in Australia, with the foreign buyer needing approval from the Foreign Investment Review Board, Stuff.co.nz reports.
New Zealand-born Crichton started his career in used car dealerships in 1972, before moving to Australia in the early 1980s.
There he set up Ateco Group, which imports high-end luxury cars including Alfa Romeo, Ferarri, Maserati and Citroen to both countries.
He earned the nickname Croaky due to an artificial voice box being fitted after throat cancer meant his voice box and oesophagus were removed at age 29.
In 2012 Crichton was made a Companion of the New Zealand Order of Merit for services to business and yachting.
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