Veteran stockpicker Geoff Wilson buys $6.5 million Sunshine Beach holiday home
The stockpicker veteran Geoff Wilson has bought a holiday home in the Sunshine Beach.
The Double Bay-based founder and executive chairman of the ASX-listed Wilson Asset Management has spent $6.5 million on one of the best street’s on Sunshine Beach.
It’s the same street Therese Rein spent a record $17 million on the home tennis legend Pat Rafter built. Karl Stefanovic spent $3.6 million on the street earlier this year, with nine sales on the street in 2020 ranging between $2.05 million and the big $17 million sale.
The home Wilson bought hadn’t traded for three decades, having last sold for $525,000 in 1990.
Set on 550 sqm, the absolute beachfront, with direct access to the sand, was described as Mediterranean in its marketing, with its plantation shutters, terracotta tiles, colonnaded entrance and slab hut gates.
The two level property has five bedrooms, including a master suite with a private balcony and an open-concept ensuite with a spa bath.
Century 21 Conolly Hay Group agents Mike Hay and Rachel Sellman secured the sale. It was listed for rent pre-Christmas at $3,200 a week, which would see Wilson net a 2.5 per cent yield.
Wilson is based in a Double Bay trophy bought for $10 million by his wife Karen Greer in 2010. He also owns a farm in Berrima.