Former F45 chief govt Adam Gilchrist has put his $14 million Freshwater home up for public sale lower than per week after the US share worth for the fitness center franchise plummeted on Wall Avenue.
Gilchrist, who stepped down as chief govt final week, has been a high-profile property investor of latest years, finest identified for his bullish record-setting home worth purchases from Byron Bay to Freshwater, largely fuelled by the health coaching franchise he co-founded in 2013 with one fitness center in Sydney.
F45 founder Adam Gilchrist and main shareholder Mark Wahlberg on the ground of the New York Inventory Trade for the corporate’s IPO in July 2021.Credit score:Getty
In late 2017 Gilchrist’s spouse Eli Gilchrist (nee Havas) purchased a Californian bungalow at Freshwater overlooking the seaside for $5.4 million, sight unseen, paying $1.3 million over the reserve.
However it was the up to date three-level home subsequent door that reset native home worth information when Gilchrist bought it in 2019 for $14 million amid plans to knock it down to make manner for a swimming pool to go along with his bungalow subsequent door.
No DA to demolish the home was ever lodged with Northern Seashores Council, and the DA to demolish the Californian bungalow subsequent door to make manner for a Walter Barda Design home at a value of $2.57 million was later withdrawn.
Adam Gilchrist bought the Californian bungalow (left) in 2017 and the three-level residence (proper) for $14 million in 2019.Credit score:James Brickwood
The Californian bungalow shouldn’t be anticipated to be listed, nonetheless the $14 million record-setting residence has been quietly provided to consumers for greater than a yr. It carries a Macquarie Financial institution mortgage.
On Monday, simply days after the F45 share worth hit a low of $US1.93, Clarke & Humel’s Michael Clarke launched a gross sales marketing campaign for the Freshwater residence forward of an August 27 public sale.
Clarke provided “no remark” to enquiries, however the advertising and marketing now refers to Gilchrist’s “demolition job” as a “cutting-edge architectural design” on “an unsurpassed beachfront setting”.
