Queenscliff home with direct Freshwater Beach access fetches suburb record

Andrew Formica, the fund manager and co-CEO of Janus Henderson Investors, has dropped $10 million in Queenscliff.

He's bought a Crown Road home with direct access to Freshwater beach.

Formica snapped the home up in 15 days after it was marketed by Donovan Estate Agents Mosman agent Vince Donovan.

He described it as "without a doubt one of Sydney's best beach front properties."

The 940 sqm property has four bedrooms, three bathrooms and a number of outdoor entertaining terraces, one which features a swimming pool and spa. 

It last traded for $2.66 million in 2001.

Formica is the chief of the $330 billion Janus Henderson.