Grollo family offloads more coastal real estate

The Grollo family is continuing to sell coastal Victorian assets, this time at St Andrews.

Adam, son of Bruno, is believed to be banking about $2.1 million for 72-74 Constantine Avenue, which had only been for public sale a fortnight.

On 5200 square metres, it is near Moonah Links, Eagle Ridge and St Andrews Beach golf clubs.

The holding also offers 47 metres of beach frontage.

Kay & Burton’s Jenny Fink confirmed the sale; it was scheduled for auction.

The dwelling carried a guide of c$1.8m.

The family is also selling the historic Woolamai House at Phillip Island for more than $8m.

That property includes a restored and extended 1876 homestead – all up offering 80 square of living space – and is also beachfront.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.