Fitness First founder Tony de Leede secures Mermaid Beach sale
Fitness First founder Tony de Leede has quickly found a buyer for his Mermaid Beach investment mansion.
He's had to take a loss on the Hedges Avenue trophy that he bought for $7.3 million in 2009, a year after it was built.
He's recently secured $6,325,000 from a Brisbane couple.
He bought the five bedroom home, which has been a $2,800 a week rental in recent times, from Lisa Frawley, the wife of the former Romafree executive director Mark Frawley.
De Leede still retains a strong foothold in Queensland through property investments.
He owns apartments in the Burleigh Heads Aspect complex which he bought over a decade ago, as well as properties in Port Douglas and a Gold Coast hinterland estate.
De Leede founded Fitness First in 1993.
This article was first published in the Weekend Australian.