Peter Ritchie sells Mona Vale's biggest beachfront with pavilion style home
The former chief executive of McDonald's Australia, Peter Ritchie and his wife, Leigh, have sold their Mona Vale weekender.
It's a Peter Burford-designed beach house on 2056 square metres - a pavilion-style home on level lawns to the beachfront.
They had bought the two title Surfview Road property in 1996 at $850,000 and $1,185,000 in 1997.
The property was sold through Lachlan Elder of LJ Hooker Mona Vale who held adjusted, accomplishable $8 million hopes following its initial late 2013 offering.
No final sale price has been given, but interested parties were told they would need to pay close to $8 million in the lead up to its pre-Christmas sale.
Ritchie oversaw the restaurant chain's expansion from Yagoona to 500 plus stores during his 25 years as chief executive until 1995.
Ritchie was a board member of the United States parent company in 1983 and 1991.
His subsequent executive positions have included board positions with Mortgage Choice and the Seven Network.