Bellevue Hill-bound Marshall Baillieu lists in Paddington

EXCLUSIVE

Rothschild Australia chief executive Marshall Baillieu, of the Melbourne establishment Baillieu family, and wife Michelle, are selling their Paddington trophy home, Hargrave House.

The listing comes after rumours Baillieu has paid around $21 million for the landmark Hordern House in Bellevue Hill, which was built as a wedding present for Samuel Hordern and June Baillieu.

The three level Victorian Paddington home, at the Woollahra end of the dress circle Hargrave Street, has five bedrooms, three bathrooms, grand living areas, a home office and a wine cellar.

A decade ago the home was redesigned by architect Michael Robilliard.

They paid $4,275,000 in 2006 and extended and renovated in 2008 and 2009 with Michael Robilliard oversight.

There's a 10 metre frontage and a Graham Greenhalagh-garden out back on the 310 sqm block.

There is an October 27 auction with $8 million to $8.5 million price guidance through the agency.

Agent Ben Collier is struggling to sell nearby Alster House, the landmark Paddington terrace, which failed to sell at September auction.

It had an ambitious $15 million guide, but was passed in after just the one $14 million bid.

The grand 1880s-era residence also comes with an ornate 10-metre frontage but sits on a vast 550 square metres.

Baillieu as been a co-chief executive of investment bank Rothschild Australia.

Rothschild recently reported a net profit of $1.6 million for the nine months ended December 31, compared to a loss of $9.3 million in the year ended March 31, 2017.

Fee income almost doubled to $23.5 million in the nine months ended December 31, while expenses dipped to $16.2 million from $20.1 million in the prior 12-month period.

In 2015 he paid $20 million for Tongy Station in the Upper Hunter Valley to keep it in the family name.