The 58-year-old Dunedin businessman confirmed he had bought the former luxury boutique hotel, which was sold in a forced mortgagee sale last month.
The property was converted into a luxury boutique hotel by former owners Nico and Irina Francken, but would become a private residence once he took possession in the New Year.
Mr Facoory said he only discovered Corstorphine House about a decade ago, despite his family living in a state house in Middleton Rd, Corstorphine, before moving to nearby Caversham.
Despite the late introduction to the 146-year-old property, he and partner Debbie Nicolson (46) "fell in love with it".
"We want to make it our home," he said.
"It doesn't matter in life where you come from - if you work hard and persevere, you can do anything," said the former Otago cricketer and opera singer.
Corstorphine House required minimal refurbishment, but Mr Facoory, the managing director of Condensation Control, planned to install some of the company's home ventilation systems.
The grounds also had potential as a wedding and corporate venue.
Asked which of the themed eight bedrooms he preferred as the master bedroom, Mr Facoory said the couple had settled on the Art Deco room.
The property's mortgagee sale had attracted several interested parties and he was pleased the historic home had gone to a Dunedin family who saw themselves as "custodians".
He declined to say how much he paid for the property, but said "it was a fair price".
On three titles, the 3.3ha property has a combined capital valuation of $2.9 million.
The former $800-a-night hotel closed in September, with the loss of 12 jobs.
