- Salim Mehajer has sold a block of shops to raise money to pay his large debts
- Block in Auburn, where he was deputy mayor until 2016, fetched $2,175,000
- One of the shops is leased as a butcher's and the other as a giftware shop
- Last week Mehajer cancelled the auction of his $1.5m home in Canada Bay
Salim Mehajer has sold a block of shops to raise money to pay his tax and bail debts.
The block in the Sydney suburb of Auburn, where he served as deputy mayor until 2016, fetched $2,175,000 at auction last week.
One of the shops is leased as a butcher's and the other as a giftware shop.
Salim Mehajer (pictured with his wife) has sold a block of shops to raise money to pay his tax and bail debts
The Mehajer family's block of shops including a butcher's (pictured) shop in Auburn sold this week for $2.175 million
Mehajer has made a tidy profit on the sale of the block which was bought for $810,000 in 2011, reported news.com.
The property developer, who is on bail awaiting trial for allegedly faking a car crash to get out of a court appearance in October, was declared bankrupt in March.
Among his debts is a tax bill for $8.6million. His bail was $200,000.
Last week Mehajer cancelled the auction of his $1.5 million home in Canada Bay only hours before it was set to go ahead.
The words 'withdrawn' were slapped on the sign before Wednesday's scheduled auction. The real estate listing has also been removed.
The property developer, who is on bail awaiting trial for allegedly faking a car crash to get out of a court appearance in October, was declared bankrupt in March. Pictured: His lavish house in Lidcombe
The former Auburn deputy mayor planned to build a mega mansion at the Canada Bay investment property (pictured)
The Mehajer family put the Canada Bay home up for sale only days after a $200,000 bail was set to get disgraced property developer out of jail on charges of allegedly staging a car crash to avoid court.
The Mehajer family's butcher shop in Auburn sold this week for $2.175 million.
Mehajer last week took a stand at his own bankruptcy appeal stating he hopes to develop five more properties.
Auburn's former deputy major said he plans to borrow as much as $82million for the developments in western Sydney.
The hearing on Thursday went in to the late evening and revealed Mehajer owes the Australian Taxation Office $8.6 million and still hopes to get the loan.
The words 'withdrawn' were slapped on the sign before Wednesday's scheduled auction. The real estate listing has also been removed
The 31-year-old claimed ownership of two properties and partial ownership of several others at the hearing.
Mehajer also noted he held full and sole shareholdings in a number of companies.
The controversial businessman joked on his Instagram account 'only God can bankrupt me' after he announced he had lodged an application and was applying for a new builders license.
He said he would continue the construction of five multi-million dollar projects with off-shore funding.
The biggest of the five developments is on John Street in Lidcombe which was the site for many of Mehajer's previous apartment developments.
He said he wanted to dedicate $75 million to the project in Lidcombe.
The property developer's hoped to have his bankruptcy annulled.
Justice Michael Lee refused to grant a temporary stay of Salim Mehajer’s bankruptcy while he waits for the Court to hear his application for annulment of the bankruptcy.
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