TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Australia

George Calombaris makes a $4.05million profit on his Toorak mansion

by souhaib
January 12, 2021
in Australia
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


George Calombaris and his wife, Natalie Tricarico, have sold their Melbourne mansion for almost double what they paid for it in 2013.

The couple, who purchased the five-bedroom Toorak property for $4.75million, listed it for sale in February 2020 as George’s hospitality empire teetered on the brink of collapse.

The house had an estimated value range of between $3.85million and $6.63million, but sold for $8.8 million.

Tidy profit: George Calombaris (pictured at the G’Day USA Gala in LA in January 2019) and his wife, Natalie Tricarico, have sold their Melbourne mansion for almost double what they paid for it in 2013

The property boasts four bathrooms, a lift and a five-car garage, plus a recently constructed gym. 

The buyer is listed as Chinese-born CHZH Finance Pty Ltd and CHZH Investment Pty Ltd corporate entities director Ka Ning Cheung, 35, according to domain.com.au. 

Ross Savas from Kay & Burton was the agent who sold the property, and declined to comment. 

The mansion was placed on the market in 2020, two weeks after George sold his four-bedroom Safety Beach holiday house for $1.01million.

Details: George and his wife purchased the five-bedroom Toorak property for $4.75million, and listed it for sale in February 2020 as George's hospitality empire teetered on the brink of collapse

Details: George and his wife purchased the five-bedroom Toorak property for $4.75million, and listed it for sale in February 2020 as George’s hospitality empire teetered on the brink of collapse

Higher than expected: The house had an estimated value range of between $3.85million and $6.63million, but sold for $8.8 million

Higher than expected: The house had an estimated value range of between $3.85million and $6.63million, but sold for $8.8 million

Gorgeous: The property boasts four bathrooms, a lift and a five-car garage, plus a recently constructed gym

Gorgeous: The property boasts four bathrooms, a lift and a five-car garage, plus a recently constructed gym

This comes after the celebrity chef waved goodbye to his career with the sale of his last food business.

In July, he sold the up-market Yo Chi frozen yoghurt chain he owned with former Swisse vitamins boss, Radek Sali.

The new owners were the sons of Boost Juice founder Janine Allis – Oliver Allis, 23, and Riley Allis, 20. 

Sold: The buyer is listed as Chinese-born CHZH Finance Pty Ltd and CHZH Investment Pty Ltd corporate entities director Ka Ning Cheung, 35, according to domain.com.au

Sold: The buyer is listed as Chinese-born CHZH Finance Pty Ltd and CHZH Investment Pty Ltd corporate entities director Ka Ning Cheung, 35, according to domain.com.au 

The sale signals the full collapse of his restaurant empire, which was made up of 18 venues across Melbourne including the Press Club, Gazi and Hellenic Republic.

Proceeds from the sale reportedly went straight to the Commonwealth Bank which is owed $8.5million after the collapse of the restaurant empire, The Age reported.

Calombaris’ MAdE Establishments business spectacularly folded in February with just $389 in the bank and owing staff $1.2million in wages and entitlements.

Selling up: The mansion was placed on the market in 2020, two weeks after George sold his four-bedroom Safety Beach holiday house for $1.01million. Pictured, George and wife Natalie Tricarico at a launch in Melbourne in February 2017

Selling up: The mansion was placed on the market in 2020, two weeks after George sold his four-bedroom Safety Beach holiday house for $1.01million. Pictured, George and wife Natalie Tricarico at a launch in Melbourne in February 2017

Last year, he made headlines after he was found to have underpaid his restaurant staff by nearly $8 million.

You might also like

Fears the Bondi Covid cluster has spread 60km away as a childcare centre is forced to close

China accused using UNESCO puppet against Australia over Great Barrier Reef world heritage listing

Queensland slams its borders shut to Sydney Covid hotspots

The former TV star was fined $2000,000 for underplaying 515 staff between 2011 and 2017 and will have his business audited for the next three years.

He was also axed alongside veteran MasterChef co-judges Gary Mehigan and Matt Preston amid the controversy.

‘Despite months of negotiations, Ten has not been able to reach a commercial agreement that was satisfactory to Matt, Gary and George,’ Ten’s CEO Paul Anderson said in a statement in July 2019.

Controversial: In 2018, George (centre) made headlines after he was found to have underpaid his restaurant staff by nearly $8million. Pictured with former MasterChef co-stars Gary Mehigan (left) and Matt Preston (right)

Controversial: In 2018, George (centre) made headlines after he was found to have underpaid his restaurant staff by nearly $8million. Pictured with former MasterChef co-stars Gary Mehigan (left) and Matt Preston (right)



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Tags: dailymail australia
Share30Tweet19
Previous Post

Gold profits from stocks fell due to troubles in Washington

Next Post

Malaysia records the largest daily increase in Corona injuries since the start of the pandemic

souhaib

Recommended For You

Fears the Bondi Covid cluster has spread 60km away as a childcare centre is forced to close

by souhaib
June 23, 2021
0

Fears the Bondi Covid cluster has spread 60km away as a childcare centre in Sydney's south-west is forced to close after a positive case spent a day there Little...

Read more

China accused using UNESCO puppet against Australia over Great Barrier Reef world heritage listing

by souhaib
June 23, 2021
0

2019: Australian intelligence services conclude that China was responsible for a cyber-attack on Australia's parliament and three largest political parties in the run-up to a May election.April 2020:...

Read more

Queensland slams its borders shut to Sydney Covid hotspots

by souhaib
June 23, 2021
0

Queensland slams its borders shut to Sydney hotspots as New South Wales battles a growing Covid clusterQueensland slams borders shut to anyone from Sydney's hotspot suburbs Anyone entering from...

Read more

UEFA denies Munich mayor’s Euro 2020 rainbow stadium gesture to protest against a Hungarian law

by souhaib
June 22, 2021
0

UEFA has refused a request from Munich's mayor for a stadium to be lit in rainbow colours for Germany's Euro 2020 match against Hungary on Wednesday in protest...

Read more

England march on in Euro 2020, but it’s group stage agony for Scotland

by souhaib
June 22, 2021
0

Who could England face in the Round of 16? England have won Group D That means they will face the runners up of Group F - the so-called 'Group of...

Read more
Next Post

Malaysia records the largest daily increase in Corona injuries since the start of the pandemic

No Result
View All Result

Recent Posts

  • DANIEL JOHNSON : Rise of the Left, and blunders Down Under that Boris Johnson must learn from
  • NBA: Pumpkins to the Lakers: Former player Juwan Howard declines to be his coach
  • Curry’s Warriors beat Doncic’s Mavericks playing well for only one quarter | Sports
  • New York City under state of emergency over baby formula shortage
  • “This situation is reminiscent of the Moscow supermarkets of the Soviet era”

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.