Crust Pizza founder sells Drummoyne trophy

Crust Pizza founder sells Drummoyne trophy
Crust Pizza founder sells Drummoyne trophy

Today's trophy home sale comes from Drummoyne where Crust Pizza founder Costa Anastasiadis and wife Lauren sold their home for $2.89 million.

Ray White Drummoyne selling agent Chris Wilkins and McGrath's Aladdin Hassen were expecting $2.5 million for the four bedroom property.

Costa bought the Gipps Street home in 2008 for $1.02 million and renovated the backyard to include a swimming pool and entertaining area.

Previously a traditional 1920 bungalow, the home now comprises of a split level open living and dining area with a lower level theatre.

The couple are said to be trading up to the waterfront at Henley.

The Drummoyne home wasn't the only renovation project the couple have undertaken.

They paid $3.7 million for a waterfront mansion across the Parramatta River in 2009 and developed the home.

Anastasiadis opened the first Crust Pizza store in 2001 and has since opened around a further 120 store in 11 years.

He sold the company to Retail Food Group in 2012 for $41 million.

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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