Drummoyne backyard extension secures the weekend dough

Drummoyne backyard extension secures the weekend dough
Drummoyne backyard extension secures the weekend dough

The Drummoyne home of Crust Pizza founder Costa Anastasiadis and his wife Lauren sold at weekend auction.

They have plans to trade-up to the waterfront at Henley.

Crust Pizza started as one store in 2001 up to about 120 stores 11 years later when the business was for $41 million.

The following year they spent $3.7 million on a waterfront mansion across the Parramatta River with renovations on the property since then.

Ray White Drummoyne’s Chris Wilkins and McGrath’s Aladdin Hassen were expecting $2.5 million at what was expected to be a big turnout for the auction with 15 contracts issued beforehand. 

The property last traded as a far less glamorous Californian bungalow in 2008 for $1.02 million then underwent a substantial backyard renovation in 2010.

This article was first published in the Sunday Telegraph. 

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Residential Sales Drummoyne

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