Adman Rob Belgiovane sells in Mosman

BWM Group founding partner and adman Rob Belgiovane has sold his Parriwi Road, Mosman home for a bullish price off-market.

The $8 million buyers have emerged as thoroughbred horse owner Paul Fleming, the son of the late grocery tycoon Jim Fleming, and wife Allison.

The deal was done by a truly local agent, Robert Klaric at The Property Expert International who lives just down the street.

Belgiovane, who founded BWM in 1996 with Paul Williams and Jamie Mackay, had paid $6.5 million three years ago when buying from the former Bank of Queensland chief Stuart Grimshaw.

The four-level Chinamans Beach home, with a private beach, was designed by architect Guy De Compiegne.

It has five bedrooms and four bathrooms.

It’s a return to the neighbourhood for the Flemings who previously owned on the dress circle Shellbank Avenue before selling in late 2017 for $11.05 million.

Parriwi Road prices have reached $10.1 million, with only a couple of sales per year. An $8.55 million sale was recently secured by the Barros family.

Belgiovane has lived in Mosman before. He sold his renovated Balmoral slopes home for $5,575,000, well over double his $2.46 million purchase price in 2011.

This article was first published in the Saturday Daily Telegraph.