[ad_1]
The founders of Campos Coffee have sold their Dulwich Hill property to set a suburban record.
Will and Louise Young, the founders of Campos Coffee, sold a characteristic home for $450,000, breaking the record in the suburb of Dulwich Hill.
The result of $3.7 million followed closely behind 10 days after listing A month later, the couple sold their coffee business to Dutch beverage giant JDE Peet.
more: Inside Karl Stefanovic’s waterfront mansion
Nicole Kidman leads celebrities to move to this New South Wales area
18-year-old buys a $5 million Sydney mansion
Anthony Albanese lists houses in the inner west
It was purchased by an enlarged buyer who avoided the fierce competition in pre-auction transactions.
![Photo of Will Young, CEO of Campos Coffee](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1024 768"%3E%3C/svg%3E)
Will Young founded Campos Coffee with his wife Louise in the early 2000s.Photo: Chris Pavlic
CoreLogic confirmed 44 Canonbury Grove It broke the previous long-term suburban record of $3.25 million set by 17-19 Herbert St. in 2016.
Although the previous record has been maintained for five years, the Yang team is unlikely to maintain this record for a long time. The famous “Brook Cottage” at 174 Denison Road It is expected to be sold for approximately US$5.5 million after the auction next month.
Ownership documents show that the selling price of US$3.7 million is approximately twice the US$1.967 million paid by the Yangs in November 2013, or US$216,625 for annual ownership.
There are also coffee trees at the back of the hotel.
Due to the sale of houses and well-known businesses, the Young couple are now planning to leave Australia and emigrate together.
This house was built in 1895 and has an antique facade on the front and a modern extension on the back. The landscaped gardens are planted with evergreen coffee trees, outdoor entertainment platforms and flat lawns.
related: The founder of Campos Coffee lists Dulwich Hill as home
The previous Dulwich Mountain record was $3.25 million.
Campos Coffee was founded by Mr. Young in 2002 as a coffee shop and roastery in Newtown. Its Campos and Sacred Grounds brands have developed into suppliers of more than 600 cafes in Australia.
The company’s new owner, JDE Peets, owns many coffee brands familiar to Australians, including L’OR and Moccona.
Greg Mavidis and Peter Adonopulos of Chase Property Group are sales agents.
[ad_2]
Source link
