Entrepreneur James Spenceley puts Mosman home on the market

James Spenceley

Portraits of Mosman businessman James Spenceley and his family taken at his Mosman home on 13th June 2018. Pictured with him are his wife Viktoriia (correct spelling) and kids Roma (7) and Siena (3). James was the founder of Vocus, and was recently inducted into the Hall of Fame at the Edison Awards for his contribution to the Australian telecommunications industry. (AAP Image / Julian Andrews).

THE chief executive officer and co-founder of MHOR asset management, James Spenceley, has listed his six-bedroom Bay St home for $7.5 million.

The spring listing comes after Mr Spenceley and wife Viktoriia bought a waterfront home in Cremorne, in March, for $12.5 million.

Michael Coombs, of McGrath Mosman, said the Bay St property already had strong interest from buyers.

“In around a week, we’ve had 26 groups through and issued about half-a-dozen contracts,” he said.

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The Spenceley home has cracking views over Middle Harbour.


Mr Spenceley founded telecommunications business Vocus, which he stepped back from as chief executive officer, in 2016.

The company had a $25 million listing on the Australian stock market in 2010.

With a net worth around $45 million, the Spenceley family have lived at the Mosman property since 2013.

CoreLogic data reveals they paid $4.3 million for the property.

For Mr Coombs there is a lot at stake in this sale — with Mr Spenceley’s “2088” licence plate up for grabs.

“We’ve got a bit of a fun bet that if I sell it for more than $7.5 million then he might throw his 2088 numberplates my way,” Mr Coombs said.

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The flat block has plenty of space for the kids to play.

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The Bay St property has a fireplace and living space looking out to the infinity pool.

The Bay St property has 270-degree, uninterrupted views across Middle Harbour and Quakers Hat Bay.

The level 986sqm block is also a rare commodity in the area.

“In this part of Mosman you usually get views or a flat block, so to get both is really not that common,” Mr Coombs said.

It also has a private undercover pool cabana with full kitchen facilities and bathroom.

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The roof terrace is the spot to entertain guests.

The main bedroom has a private outdoor terrace with Middle Harbour views, while there is a double lock up garage with additional off street parking.

“This property accommodates a perfect lifestyle for families, which has been a big attraction. It is all about the accommodation that it offers, as well as the entertainment areas and the views,” he said.

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