Race car driver and real estate developer Ash Samadi sells Bondi Beach for around $ 22 million
The foreign-born racing driver took the checkered flag in real estate issues, making a profit of 200%, $ 14.5 million in just two years.
Race car driver and real estate developer Ash Samadi has sold his former guesthouse in Bondi Beach for around $ 22 million ahead of the auction scheduled for tonight.
Ric Serrao and Albert Sassoon of Raine and Horne had the list but could not comment, although sources revealed that there were three buyers willing to secure a pre-auction deal.
The 252 Campbell Pde’s price guide was $ 20 million and it sold for “around $ 22 million” over the weekend to an eastern suburban resident who will one day build a house, the sources said. .
Ownership records indicate that Samadi purchased the site for $ 7.5 million in 2019, but Serrao informs it was part of a structured deal.
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A room sold for $ 2.3 million
The guesthouse, which sits above the Beach Burrito Co Mexican restaurant, comes with DA-approved plans by Red Blue Architecture + Design for a six-level abode with dreamy views.
Serrao said at the time of registration: “The approved DA can never be repeated… other roof terraces have been rejected.”
Samadi resides in a Tamarama house bought for $ 7.5 million in 2017 and sold a Point Piper mansion for $ 15.01 million in March after four years in the market.
Last December, F45 gym founder Rob Deutsch spent $ 20.65 million on apartments at 56 Campbell Pde which he is converting into a home.
It was a building that cost Auschwitz survivor Freda Feuerstein £ 11,000 in 1958.
Also on the weekend, McGrath’s Simon Exleton sold a twin bed at 16/24 Sandridge St, Bondi for $ 1,801,000.
It was in the market for $ 1.5 million.
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Originally posted as race car driver and real estate developer Ash Samadi sells Bondi Beach for around $ 22 million