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  • Two luxury apartments owned by Blue Chip owner Mark Bryers are going under the mortgagee hammer.

    The two luxurious Highview Apartments overlooking Hamilton city are part of Mr Bryers $30 million property portfolio, comprising 36 properties around New Zealand.
    Real estate agency Ray White is selling two of three Thackeray St apartments owned by Tripoli Enterprises and Kery Ltd, both of which list Mr Bryers as the sole shareholder and director.
    Kiwibank and Foundation Custodians loaned money for the properties.
    Foundation Custodians manager Prem Mann confirmed it had loaned money to Mr Bryers, but said the matter was now being handled by the trustees.
    Tripoli Enterprises owns 40F and 40G Thackeray St and 40I Thackeray St is owned by Kery Ltd.
    Ray White real estate agent Bobbie Jarvis said interest in the apartments had been intense, with more than 80 people through the apartments during the three weeks they had been on the market.
    "Being a mortgagee option, probably the public will never have the position to buy them at as good a price than right now," Ms Jarvis said.
    She expected the apartments to be bought by owner/occupiers rather than investors.
    The government valuation for apartment 40G is $725,000 and for 40F it is $750,000.
    Both apartments are two years old, but have never been lived in and were bought by Mr Bryers in August 2007.
    Apartment 40I is tenanted and not on the market yet.
    The properties will be auctioned on October 3.
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