John Symond withdraws Double Bay investment from sale
Aussie founder John Symond has withdrawn a Double Bay investment property from sale after four months.
The London-based businessman was firm on a $7.25 million price, according to realestate.com.au.
The best offer to come in was in the high $6m range, marketing agent Brad Caldwell-Eyles, of 1st City Double Bay, said.
Mr Symond paid $4.8m in 2014.
The Alexander Tzannes designed complex at 18 Transvaal Avenue contains a penthouse and ground floor showroom.
Fashion outlet Trent Nathan once occupied the latter as did Robyn Cosgrove Rugs and Country Trader.
It is currently tenanted to Conley + Co, an interior design and architectural studio run by Maree Conley.
It is not the first time Mr Symond has withdrawn a property from the market.
In 2017, following his move to Europe, the removed his landmark Point Piper mansion from sale reportedly after receiving offers of more than $100m.
The businessman said he rushed the decision to list.
Over the past two years the executive sold two Elizabeth Bay apartments and a Double Bay penthouse.
Australia’s priciest home sale occurred in 2018 when Atlassian co-founder Mike Cannon-Brooks paid close to $100m for Point Piper’s Fairwater.
Coincidentally, his business partner, Scott Farquhar, set the national watermark in 2017, outlaying $71m on the neighbouring estate, Elaine.
Both these homes were offloaded by the Fairfax family.
