Vaucluse home of restaurant king John Szangolies and wife Heather listed before China’s Golden Week
The stunning Vaucluse estate of restaurant entrepreneur John Szangolies and his wife Heather has hit realestate.com.au in time for China’s Golden Week celebrations.
Listed with Double Bay agent Alison Coopes, Ms Coopes is yet to finalise the price guide for the six-bedroom, five-bathroom home on a massive 1220 sqm block at 24 Olphert Ave.
But sources said it’s likely to have expectations in the $15 million range in the expressions of interest campaign.
Mr Szangolies sold his Urban Purveyor Group (Bavarian Bier Cafe, Sake Restaurants, Löwenbräu Keller and Ananas Bar & Brasserie) to private equity group Quadrant for close to $200 million in 2015.
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The same year he bought Rose Bay’s Tivoli Villa for $16.85 million. The Rose Bay mansion is now being rebuilt for what one source said was about $10 million.
Then in 2017 the couple spent more than $10 million on a Palm Beach beachfront.
That all means they no longer need the Vaucluse home that CoreLogic shows they bought from Alceon partner Morris Symonds. for $8,750,000 in 2010 and then did a lavish renovation on.
With its perfect northerly aspect and harbour views to Manly and the heads from every level, the Vaucluse home certainly is a golden opportunity for buyers set to arrive from China for the week-long holiday that begins on Tuesday.
The property is being marketed as an ultra private retreat close to Sydney’s best schools.
While foreign nationals are restricted to buying off-the-plan properties, they commonly buy established homes in the names of children studying in Australia.
And of course many Chinese Australians are currently based in China, returning for Golden Week to buy property.
The home features a grand entry with sweeping sculptural staircase and double-height ceiling.
The open plan living and dining area leads to a terrace and of particular appeal is the full tennis court, heated pool and beautiful garden.
Other attractions are the bespoke Poliform kitchen, designer lighting, timber floorboards and Carrara marble bathrooms.
The large master suite on the upper level has spectacular harbour views with dressing room and a Carrara marble en suite with underfloor heating.