- Kerry Bradburn’s coastal homes will be sold at a mortgagee auction next month.
- Bradburn’s financial issues surfaced when Wild Poppies collapsed, owing creditors over $1.3m.
- She sold the company to her son before liquidation; creditors are angry about the sale.
The multimillion-dollar coastal homes of Kerry Bradburn, the former owner of under-fire online florist Wild Poppies, will be sold at a mortgagee auction next month.
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Bradburn’s financial issues came to light earlier this year when Wild Poppies collapsed owing creditors more than $1.3 million.
Bradburn came under fire after selling the company to her son the day before the liquidators stepped in.
She told OneRoof that the collapse of Wild Poppies had “nothing to do” with the mortgagee sale of her three-bedroom house at 63 Tiri Road, on Auckland’s Whangaparaoa Peninsula.
A clifftop home on Tiri Road in Manly, Rodney, is one of two properties linked to Bradburn that is going to mortgagee auction next month. Photo / Supplied
The three-bedroom, two-bathroom home on Tiri Road, in Manly, was completed in 2016. Photo / Supplied
“They are completely separate issues.”
Another Bradburn property, a half-finished build at 19A Duncansby Road, in Stanmore Bay, will join it on the auction block on August 6. A third property also owned by the businesswoman – a house on Stanmore Bay Road - was sold at a mortgagee auction earlier this month.
63 Tiri Road has been on and off the market since 2021, and initially had a price tag of $3.25m.
Bradburn said that the property had suffered a slip during Cyclone Gabrielle in 2023, and even though the cliff had been fully remediated, finding a buyer had been difficult.
“People are very cagey about clifftop properties even though it’s fixed.”
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She said two unconditional deals for the property, including one for $2.5m, had fallen over. “That’s at the core of my problem,” she said.
If she had been able to sell 63 Tiri Road, she would have had the funds to finish the Duncansby Road build and avoid the mortgagee sales, she said, adding that all three properties were tied to the same lender.
She explained the unfinished Duncansby Road house had already cost her $1.7m in construction costs, plus $850,000 for the land.
63 Tiri Road and 19A Duncansby Road are being sold by Ray White agents Cherry Killgour and Marama Curness, and have a combined RV of $3.85m.
The two-bedroom, two-bathroom property on Duncansby Road, in Stanmore Bay, is being sold as an unfinished project. Photo / Supplied
A two-bedroom cross-lease property on Stanmore Bay Road sold for $565,000 in a mortgagee auction last week. Photo / Supplied
Killgour declined to comment on the properties, but her listings described them as having “sweeping coastal views”.
While the Tiri Road home is move-in ready, having been completed in 2016, 19A Duncansby Road is being sold as a “coastal project”.
“With a substantial portion of the construction already completed, the foundations are in place to complete this striking contemporary residence of scale and sophistication,” the listing on OneRoof said.
The property appears to have a finished pool and bathrooms but no sign of a kitchen. It is being pitched as an “exciting opportunity for builders, developers or visionary buyers” to complete in a “highly sought-after setting”.
Bradburn’s two-bedroom Stanmore Bay home fetched $565,000 at auction, well below the $745,000 it last changed hands for in 2020.
Wild Poppies is still operating as a business because it was sold to Weyland Group the same day the liquidators stepped in.
The New Zealand Herald reported that the creditors were angry about the turn of events because Weyland was set up by Bradburn’s son, Cole Bradburn, the week before the sale.
- 63 Tiri Road, in Manly, Auckland, and 19A Duncansby Road, in Stanmore Bay, are going to auction on August 6
