F45 co-founder Adam Gilchrist (pictured) spent a record $14million to buy the Freshwater house next to one he owns
F45 co-founder Adam Gilchrist has allegedly hired two bodyguards to stand outside his luxury compound on Sydney’s Northern Beaches – despite neighbours saying they haven’t seen any extra security in recent weeks.
Locals in the beachside suburb of Freshwater have previously voiced concerns about the business tycoon moving into the neighbourhood – largely over his plans to turn his small one level Californian-style bungalow into a multi-level mansion complete with a rooftop pool.
Talk of the development coincided with the appearance of baseball caps being worn around town sporting the slogan: ‘Keep Freshwater Great’.
The neighbourly tiff resulted in Mr Gilchrist buying out his neighbour’s multimillion-dollar mansion on Ocean View Road in December 2018.
The $14million price tag for the 440sqm property dwarfed its last sale price of $800,000 in 2003 and was more than twice the record for the northern Sydney suburb.
But despite the Sydney Morning Herald claiming on Saturday that Mr Gilchrist had hired extra muscle to stand outside his properties on the street amid growing animosity, no one has spied them yet.
Daily Mail Australia spoke to a number of neighbours living on Ocean View Road and none could confirm the claim.
Despite paying the sizeable sum to move into the neighbourhood, the reclusive multi-millionaire seems to have shunned attempts at winning over the locals.
‘I’ve never shaken hands with him. This is a lovely community but there’s just some people I have never met and he’s one of them,’ one neighbour, who asked not to be named, told Daily Mail Australia.
Burly security guards were allegedly seen out the front of F45 founder Adam Gilchrist’s $14million Northern Beaches home (pictured)
The business tycoon has turned his F45 gym business into the fastest growing fitness franchise in the world with 1,900 locations in more than 40 countries since 2014
The F45 co-owner and CEO snapped up the house with plans to move in while he renovated the California-inspired cottage next door – bought in 2017 – converting the bungalow to two-storeys and building a large pool area and outdoor terrace on the roof level.
Several neighbours objected to the proposal saying it did not comply with building height or boundary controls.
Documents from Northern Beaches Council revealed some residents were concerned Mr Gilchrist would also excavate below street level.
‘We are concerned about the obvious potential for the current building height control to be ignored … planting and other additions to the pool deck area might further raise the height of the dwelling over such a large area,’ one resident said in their objection.
Another neighbour said: ‘We are also very concerned about noise pollution from the proposed rooftop swimming pool.’
The development application for the $2.5million redevelopment was subsequently withdrawn – though Mr Gilchrist was confident he would have won any court battle over renovating his bungalow.
‘If we went to court to fight for it, we would have won and crushed everyone,’ he previously told the SMH.
But he eventually changed his mind and decided to keep the cottage and complete smaller renovations that reflected the ‘heritage of the whole beach’.
Mark Wahlberg (pictured with F45 co-founder Rob Deutsche who is less reclusive and appears as the face of the business) recently became a stakeholder in the international fitness empire
F45 co-owner Adam Gilchrist owns both properties (pictured) in Freshwater providing a compound for the family to relax in when not in Byron Bay or Los Angeles
Mr Gilchrist’s cottage was snapped up for $5.4million in 2017 and the sale of the home was kept on the down low by the private business tycoon
He spent $5.4million in 2017 on the bungalow which sits metres from the beach with views of the nearby surf.
‘From this enchanting lifestyle setting you can enjoy the sights and sounds of the ocean, shuffle a few strides barefoot to the sand and surf without crossing a road or stroll a few minutes to seaside cafés and thriving eateries at Freshwater village,’ a sales listing said.
The three-bedroom and one bathroom place sits on just over 400sq metres of land with a modest sized backyard.
Continuing his property splurge in April 2019 Mr Gilchrist bought an $18.9million beach pad in Byron Bay, which boasts six-bedrooms, four bathrooms and a swimming pool.
The colonial-style home broke Byron Bay’s property sale record, which was previously held by the same home when it was sold in 2006 for $15.7million.
The area has emotional ties for Gilchrist, who was married in Byron Bay, and he said he intended to use the home as a holiday house for his family.
The cottage, which Gilchrist initially planned to tear down, sits metres from the beach with views of the nearby surf
The three-bedroom and one bathroom place sits on just over 400sq metres of land with a modest sized backyard
Wategos House has stunning beachfront views, wooden floors, open plan kitchen and a spacious living area that open up onto Wategos Beach.
The master bedroom has an ensuite bathroom with a verandah looking out at the ocean.
The backyard has a swimming pool with shaded areas and room for sun loungers while the big kitchen has marble countertops and wooden paneling.
The Gilchrist family are no strangers to Wategos beach, as Mr Gilchrist’s grandfather bought one of the first Marine Parade subdivisions 50 years ago.
Mr Gilchrist married his wife across the road from his new house at exclusive boutique retreat Rae’s on Wategos.
Gilchrist also owns a spectacular Byron Bay mansion which he keeps as a holiday house for his family, having married his wife in the same area (pictured)
The Byron Bay houses’ large open plan kitchen boasts a marble counter with classic wooden panels. The living space looks out on the stunning Wategos Beach
F45 gyms began as a joint venture between Mr Gilchrist and Rob Deutsche, who is the face of the brand, in 2012 and is the fastest growing gym brand in the world.
There are 50 new franchises every month – more than 1,900 in total based in 40 countries including the UK, Switzerland, India and Lebanon.
Mr Gilchrist and his family spend much of their time in Los Angeles as the gym ventures further into the US market.
Celebrity actor Mark Wahlberg became a stakeholder in the F45 business in 2019.
The colonial-style home broke Byron Bay’s property sale record, which was previously held by the same home when it was sold in 2006 for $15.7 million
However, the company’s impressive trajectory hit a bump in October 2020 after a merger deal with Crescent Acquisition Corp – which would have seen the business go public on the New York based NASDAQ exchange – fell through.
The deal valued the combined company at $845million.
‘Despite our best efforts to finalise this transaction, we ultimately concluded that approaching the public markets at this time was not the right option for F45,’ Mr Gilchrist said of the deal.
‘That said we have seen strong member re-engagement to almost pre-Covid levels. Our business remains resilient and strong and we look forward to continuing to serve and support our members and franchisees.’
The F45 gyms combine high intensity interval training, circuit training, and functional training in a group class setting.
The workouts are kept to 45 minutes with new training routines being constantly developed by a central F45 Athletics Department.
Daily Mail Australia has reached out to Mr Gilchrist through F45 for comment.