7-Eleven director Dharma Chandran fails to secure Paddington sale

7-Eleven director Dharma Chandran fails to secure Paddington sale
7-Eleven director Dharma Chandran fails to secure Paddington sale

The 7-Eleven Australia director, Dharma Chandran, failed to secure a sale when his Paddington terrace went to weekend auction.

The price guidance had been $4.25 million on the four bedroom home with a nine metre frontage to Cascade Street.

After bidding got to $4.375 million, the BresicWhitney auctioneer placed a $4.5 million vendor bid, which brought an abrupt halt to proceedings. The asking price later was revealed as $4.75 million.

Chandran had been at the home since paying $3 million in 2012. He became a non-executive director at 7-Eleven Australia following the recent investigation into the scandal-plagued convenience store chain, which found franchisees were exploiting workers.

The HR executive has worked across Asia, Oceania, Europe, North America, The Middle-East and Africa with experience in the construction, mining, engineering services, property, oil & gas, telecommunications, shipping and retail industries.

He began working for Just Jeans as a part-time sales assistant in the mid-1980s as a university student after he'd migrated to Australia from Malaysia as a teenager.

This article was first published by The Sunday Telegraph.

Jonathan Chancellor

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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