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Aussie founder John Symond has withdrawn a Double Bay investment property from sale after four months.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

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.

John Symond was seeking $7.25 million for the mixed-use investment.

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It is not the first time Mr Symond has withdrawn a property from the market.

The only image on John Symond’s Wikipedia page is of his landmark Point Piper mansion, which was temporarily for sale in 2017 seeking offers of more than $100 million.

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.

The Double Bay property was once occupied by Robyn Cosgrove Rugs then Trent Nathan.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of