Richard Pusey: Eastern Freeway Porsche driver takes Geelong apartment complex to auction

December 17, 2020


Richard Pusey: Eastern Freeway Porsche driver takes Geelong apartment complex to auction

December 17, 2020

A SOUTH Geelong apartment complex owned by Richard Pusey, the Porsche driver accused of filming a dying police officer following the Eastern Freeway tragedy, was passed in at auction on Wednesday. 

The Fyans Street building, containing six, two-bedroom apartments, was offered as a single sale with price hopes from $1.7m-$1.8m. 

RT Edgar Boroondara agent Dennis Dellas made three bids on behalf of the vendor up to $1.75m but couldn’t entice an offer from potential buyers. 

Mr Dellas said the property would be put on the market for private sale and he was confident of finding a buyer in the $1.7m-$1.8m range. 

The apartments — each on a separate title — usually generated a rental income of around $84,760 a year for Mr Pusey, but had only returned $77,000 this year due to rent relief provided to tenants during the COVID-19 pandemic.

Mr Pusey paid $794,000 for the complex in 2007, CoreLogic records show.

Mr Pusey, 42, who was freed on bail in October, is selling 10 properties in Melbourne and Geelong for an estimated $6.6m. 

He was ordered to stand trial in the County Court over the Eastern Freeway crash on charges including reckless conduct endangering serious injury, reckless conduct endangering death and possessing a drug of dependence. 

Leading Senior Constable Lynette Taylor, Senior Constable Kevin King, Constable Josh Prestney and Constable Glen Humphris died in the Eastern Freeway tragedy on April 22.

The officers had intercepted Mr Pusey for allegedly speeding on the freeway when a truck veered into the emergency lane and killed them.

Source: realestate.com.au