This article is from the Australian Property Journal archive
A HAWTHORN mansion, in Melbourne’s leafy inner-east, which sold within 12 days has had its $41 million price tag confirmed, making it one of the biggest residential deals in Victorian history.
Nine Media has reported that 1890s mansion 20 Shakespeare Grove, on Avon Court – listed for sale on 9th March and snapped up by the 21st – sold at the top of the expected price range of $38 million and $41 million as marketed by Kay & Burton’s Grant Samuel and Ascend Real Estate’s Sun Chen.
The vendor is Chongqing Du, who paid $19.8 million for the nine-bedroom, seven-kitchen mansion in 2014. Du evidently nabbed a good deal; the property had sold five years earlier for $20.25 million. Then, the vendor was Leslie Casey, married to former Richmond Football Club president Clinton Casey, who sold it to a private company directed by Autobarn co-founder Garry Dumbrell.
20 Shakespeare Grove backs on historic home Invergowrie, which former Australia Post CEO Ahmed Fahour sold to co-founders of Trajan Scientific and Medical Stephen and Angela Tomisich for $40.5 million.
It boasts nine bedrooms and seven bathrooms, two pools, a cinema, 4,000-bottle wine cellar, gym, steam room, two rooftop terraces and a playground.
The Victorian record was set last year when cryptocurrency casino founder, 27-year-old Edward ‘Ed’ Craven paid $80,000,088 for a Toorak house at 29-31 St Georges Road that has sat vacant for more than 30 years.
Around the same time, number 17 St Georges Road was sold for nearly $75 million to entrepreneur Grant Rule.
