Fitness First founder Tony de Leede secures Mermaid Beach sale

Fitness First founder Tony de Leede secures Mermaid Beach sale
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.  

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Title Tattle Gold Coast Mermaid Beach

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