Mohonga, South Yarra returns to the market after renovation

The Mohonga mansion in South Yarra has been listed for sale, fully renovated three years after purchase by the millionaire rag trader Peter Strover.

Marshall White agent Marcus Chiminello says it is expected to sell for at least $12 million.

The 268 Domain Road trophy home was previously the longtime home of the late Peter Rand, the eccentric millionaire son of the late Sir Thomas Rand.

The property's name is derived from pastoralist relative, Robert Rand's Mohonga station in regional NSW.

The five bedroom Domain Road trophy home built in the 1920s by architect Irwin Stephenson.

Living there quietly since the 1960s, Rand only made the news in 1993 when he paid around $700,000 for the adjacent property to cut down a tree that was blocking his view.

Mohonga was part of a $50 million property portfolio which also included the Sisters estate in Sorrento which sold to the Shelmerdine family for $19 million in 2008.

Mark "Chopper" Read in his autobiography wrote that if Melbourne ever had a true Mr Big of crime, of vice at any rate, then Peter Rand deserved the championship belt. He wrote somewhat colourfully that Mohonga was "fortress like."

This article was first published in the Weekend Australian Mansion Australia property section.