{"id":37812,"date":"2022-04-03T09:38:05","date_gmt":"2022-04-02T21:38:05","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=37812"},"modified":"2022-04-03T09:38:05","modified_gmt":"2022-04-02T21:38:05","slug":"f45-gym-founder-sells-beachfront-at-auction","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/f45-gym-founder-sells-beachfront-at-auction\/","title":{"rendered":"F45 gym founder sells beachfront at auction"},"content":{"rendered":"

PHOTO: F45 gym<\/strong><\/p>\n

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F45<\/a> gym founder Rob Deutsch has sold his Bronte beachfront home at auction this morning for a whopping $17.7m and a Luxe Listings Sydney star was there doing the bidding for the buyer.<\/p>\n

\"F45\"<\/a><\/div>\n
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F45 founder\u2019s stunning three-level oceanfront Sydney mansion<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n

With auctioneer Damien Cooley presiding, the Laing and Simmons Double Bay principal, D\u2019Leanne Lewis, had opened the bidding for\u00a012 Bronte Marine Drive\u00a0at $14m and secured it at the end with a $150,000 knockout bid.<\/p>\n

Alexander Phillips of PPD, Brad Pillinger of Pillinger and Ashley Bierman of Ray White Double Bay had been guiding $17.5m and Phillips said the result was \u201con the money … it\u2019s about what he wanted\u201d.<\/p>\n

\"F45\"<\/a><\/div>\n
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F45\u2019s Rob Deutsch and Adam Gilchrist: a duo expanding their property empires<\/a><\/h2>\n<\/header>\n<\/div>\n

Other sources, though, said the result was below today\u2019s reserve.<\/p>\n

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\"Mark<\/div>\n

Mark Wahlberg and F45 founder Rob Deutsch.<\/strong><\/em><\/div>\n

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\"12<\/div>\n

12 Bronte Marine Drive, Bronte, has sold for $17.7m at auction.<\/strong><\/em><\/div>\n

There were four registered, but just two competed. After Lewis\u2019s opening $14m offer, the next bid was $15m.<\/p>\n

Lewis countered with $200,000 more; her opponent came back with $800,000 taking it to $16m. The bids then bounced around a bit, with $200,000, $300,000, $50,000 and $100,000 all featuring.<\/p>\n

None of the agents would reveal the identity of Lewis\u2019s client, saying only it was a local family.<\/p>\n

Deutsch had previously listed the property just before Covid hit in early 2020, but this time he had a motivation to sell.<\/p>\n

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\"The<\/div>\n

The home was renovated after Deutsch bought the home for $11.2m in 2018.<\/strong><\/em><\/div>\n

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\"The<\/div>\n

The stylish kitchen.<\/strong><\/em><\/div>\n

In December 2020, he bought a block of flats at 56 Campbell Pde, Bondi Beach, for $20.65m, which he was planning to redevelop into a family home.<\/p>\n

However, he\u2019s now had a change of plan, and it\u2019s back on the market with Raine and Horne\u2019s Albert Sassoon and Ric Serrao with a $25m guide.<\/p>\n

He\u2019s now on the hunt for a family home closer to the harbour and is known to have been looking at several in Bellevue Hill.<\/p>\n

Deutsch, who founded the gym franchise in 2012 (he stepped down as a director in June 2020 but remains a shareholder), had reinvented the Bronte four-bedroom residence with double garage since he bought it for $11.2m in 2018.<\/p>\n

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\"The<\/div>\n

The cinema was part of the appeal.<\/strong><\/em><\/div>\n

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\"12<\/div>\n

12 Bronte Marine Drive, Bronte, had a three car garage, huge cocktal bar and wine cellar.<\/strong><\/em><\/div>\n

It had been listed with Phillips and Bierman in early 2020 without a guide, though the agents pointed to the then $16.8m record as an indicator.<\/p>\n

They\u2019d received two unconditional offers that weren\u2019t accepted.<\/p>\n

But it was pulled from the market after just three weeks amid assumptions the market was about to plunge as Covid hit.<\/p>\n

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\"It<\/div>\n

It has four bedrooms.<\/strong><\/em><\/div>\n

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\"Even<\/div>\n

Even the bathrooms have stunning views.<\/strong><\/em><\/div>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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