Mark Ainsworth buys Surry Hills trophy conversion
Jonathan ChancellorDecember 7, 2020
Mark Ainsworth, of the Aristocrat pokie clan, is set to emerge as the $7.55 million buyer of a trailblazing Surry Hills warehouse residence.
Gordon Youett and Kerry Yates undertook one of Sydney's earliest industrial conversions in the early 1970s. It last sold in 2004 at $2.5 million to Michael Hayes.
It still has its heart-shaped swimming pool where Jackie Collins launched her blockbuster novel Hollywood Wives in the early 1980s.
Fashion designer Stuart Membery bought it in 1987 for $750,000 selling later at a heated auction for $1.16 million to his ex-business partner Michael Watson.
These days it has 52 solar panels that generate $6,000 annual income.
This article first appeared in The Daily Telegraph.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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Property Sale