Five weeks after agreeing to pay pub baron Mazen Tabat a reported price of close to $16 million for a near-new Toorak mansion, celebrity restaurateur Shannon Bennett and his wife, actress Madeleine West, have dished up their outgoing South Yarra home, Barwon (pictured, left).
The high-profile couple snared Barwon some six months after it hit the market with $5.5 million price hopes. It previously traded in 2005 for $2.8 million before a double storey extension was added.
On an approximate 1250 square metre plot, Barwon includes two studies, a self contained apartment, swimming pool, spa, gym and five bedrooms which Shannon and Madeleine, with six children, have likely filled.
Shortly after buying Barwon, Bennett (the owner of the successful Vue Group and exclusive Vue de Monde restaurant at Rialto) sold a four-bedroom home in Kensington, in Melbourne’s inner north-west, for a reported price of about $1.5 million. West meanwhile sold an apartment in Lennox Street, Richmond, also in Melbourne, via Hockingstuart.
Like Barwon, Bennett and West acquired their new Toorak mansion at a substantial discount to its reported initial asking price (some $20 million prior to 2016).
Occupying a 1514 square metre block on tree-lined Lansell Road, the home is substantially larger than Barwon despite also having five bedrooms. Spreading across four levels, serviced by a lift, the Toorak offering includes numerous living and dining rooms and a rooftop terrace with city views.
Tabat only recently completed the opulent home before moving overseas. In late 2015, the pokies
king and property investor paid $17 million for the Mornington Peninsula’s popular Portsea Hotel.
Bennett meanwhile last year banked a reported $15 million selling a majority interest of his hospitality empire to wealthy Singapore brothers Robert and Philip Ng (who are said to have a combined net worth of close to A$9 billion).
This Ng deal reportedly included interests in a stable of ventures including Jardin Tan at the Botanic Gardens, Café Vue at Heide Museum, Bistro Vue at Little Collins Street, Lui Bar at Rialto, the Benny Burger chain and historic Burnham Beeches estate, in the Yarra Ranges.
In return, it is expected Bennett, who retains a 35 per cent stake in his Vue Group empire, will open restaurants in the US and Asia.
Bennett, also an author, and who hails from Westmeadows, reportedly also owns a coastal estate in Lorne and land on the Byron Bay foreshore.
West, who was raised in Woodend, has recently appeared in television shows The Wrong Girl, House Husbands, Winners & Losers and Fat Tony & Co.
Kay & Burton’s Ross Savas and Steven Rode are marketing 38 Cromwell Road, South Yarra, via an expressions of interest campaign closing on November 21.