Chemist Warehouse co-founder doubles down at Mt Eliza
Chemist Warehouse co-founder Mario Verrocchi has dug deep for an 18 hectare farm beside his Morning Star estate at Mount Eliza.
The Sunnyside Beach precinct property, 1175 Nepean Highway, offered on behalf of a mortgagee in possession, is speculated to be costing c$17.5 million.
It is diagonally adjacent to Morning Star, also exposed to Sunnyside Road.
On 63ha with an 1860s mansion, that property cost the executive $30.66m in mid-2020, as the state was in lockdown from COVID.
CBRE was the marketing agency.
Another neighbour trade
The deal comes five months since we reported Ryman Healthcare sold the nearby Moondah estate after shelving controversial plans to replace the grounds with an aged care complex and retirement village.
That buyer was also a neighbour – Charles ‘Chas’ Jacobsen – who holds the ex-Ansett estate (continues below).
Coincidentally, that property was bought following two campaigns – the last in 2018, when it traded for $33m.
On 8.9ha block with an c1888 mansion, Moondah cost $35m.
Another waterfront holding in the area is held by horse trainers the Freedman family.
Including the Pinecliff estate, it was also acquired in pieces.
1175 Nepean Hwy was previously owned by the late Teresa and Fred Ursini.
Mt Eliza, on the Mornington Peninsula, is about 44 kilometres south of the CBD.
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