Oakburn, Elizabeth Bay sells at $7.4 million

Oakburn, Elizabeth Bay sells at $7.4 million
Oakburn, Elizabeth Bay sells at $7.4 million

Oakburn, the matrimonial Elizabeth Bay home of property developer Simon Gunnis and the Yummy Mummy pamper parlour co-founder Nicole Gunnis fetched $7.4 million at weekend auction through McGrath agent Ben Collier.

The heritage-listed residence last traded in a dilapidated state in 2009 for $4,305,000 when bought from the National Trust.

With pride of place on the Elizabeth Bay loop, more than $6.5 million was being sought this time for the semi-detached Victorian Italianate terrace.

It had been the long-time home of menswear fashion retailer and man about town John Lane who had divided it into flats. 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Property Sale

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