Prominent businessmen sell up in Trentham, Elwood for seven-figure sums


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Corporate high-flyer David Bayes has sold 16 Mulcahys Rd, Trentham for a figure well above his price expectations.

Two business bigwigs have sold spectacular properties on opposite sides of Melbourne.

Sigma Healthcare non-executive director David Bayes and his wife Susi earned $1.717 million for their historic Trentham retreat this month.

The four-bedroom homestead on 1.4ha of land at 16 Mulcahys Rd well and truly exceeded its $1.4-$1.54 million price expectations, Pat Rice & Hawkins manager Matt Childs said.

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16 Mulcahys Rd, Trentham fetched $1.717 million.

Inside 16 Mulcahys Rd.

Mr Bayes is also Victorian president of the Australian Institute of Company Directors, and his extensive corporate career has included the roles of chief executive of Bakers Delight and Mortgage Choice, and vice president and director of McDonald’s Australia.

Mr Childs said five groups vied for Mulcahy Homestead during its “competitive” selling campaign.

Most of them hailed from Melbourne, but the young family who won the keys was from the Macedon Ranges district. They planned to move in.

“It’s a dream home for them,” Mr Childs said.

The Trentham house features four bedrooms.

Mr Bayes and his wife Susi thoroughly renovated the property.

The agent said the house and its gardens were “completely rundown” when Mr and Mrs Bayes bought the property as an escape from their busy work lives. CoreLogic records show it last changed hands in 2007 for $600,000.

They totally restored the house, mixing period features including timber floors and original fireplaces with modern conveniences, and created botanic-style gardens.

Meanwhile, former Heinz chief executive for East Asia and the Pacific, Peter Widdows, sold his Elwood home for an undisclosed price within its $4.75-$5.2 million range.

Heinz boss-turned-author Peter Widdows has sold 8 Joyce St, Elwood.

Inside 8 Joyce St.

Mr Widdows — now an author of novels including Incorporated Evil and The Quiet War — built the five-bedroom beauty at 8 Joyce St, completing it about 18 months ago.

Tasmanian blackheart sassafras timber cabinetry, polished concrete floors and expanses of glass characterise the standout home, which also features a pool, six-seat spa and covered entertainment terrace in its big backyard.

Marshall White Port Phillip selling agent Ben Manolitsas previously described the property as “one of the finest homes in Elwood”.

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Mr Widdows built 8 Joyce St.

8 Joyce St’s rooftop terrace.

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