Ricky Munday Selling Geelong Mansion

PUB baron Ricky Munday is selling a historic home in Geelong’s trendy inner-city suburb of Newtown.

Mr Munday is asking $2.75 million for the four-bedroom plus two study double storey mansion, which Robert Creece Real Estate’s Peter Bell is marketing for private sale.

National Australia Bank placed the Geelong-based Munday Group in receivership earlier this year and after the pub baron failed to sell his company’s eight Victorian hotels, which included 432 gaming machines.

Mr Munday’s outgoing home is expected to sell for more than two other major Geelong properties that have sold in recent months.

Geelong Football Club president Frank Costa recently offloaded the five-bedroom Newtown home where he raised his eight daughters, last advertised at $2.35 million.

While in Drumcondra, an overseas-based investor paid a speculated $2.6 million for a waterfront home sold by Rupert Murdoch’s entrepreneur nephew, Patrick Handbury.