The Mosman home of John Hobson has sold for around $10 million.
JOHN Hobson, the founder of boutique corporate advisory shop Andromeda Partners, and his wife Roslyn Wells, have finally sold their Mosman home for around $10 million.
It was snapped up by a local buyer who fell in love with the property, McGrath’s Piers van Hamburg said.
“The buyer would walk past and always admire it. They fell in the love with home from the moment they stepped inside,” he said.
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Mr van Hamburg who sold the home with fellow McGrath agent Michael Coombs, was unable to reveal the exact sale price, but said it was above the $9.5 million-$9.9 million range they were seeking.
The designer home has views looking over Balmoral Beach.
“We had a very positive response from buyers, as it was such a beautiful home.” Mr van Hamburg said.
The result comes after the couple failed to find a buyer when they put it on the market at the end of 2017.
Mr van Hamburg said the sale came at a time when the Mosman market was continuing to exceed Sydney market conditions.
“It’s a strong result, good properties are still continuing to sell well in the current market, particularly for homes in the $5 million plus bracket,” he said.
The property has a wine cellar for 2,400 bottles.
The rear of the property is a perfect spot to entertain.
Named Tarascon, the 1930s four-bedroom home is an entertainer’s dream, complete with a 2400-bottle wine cellar.
The formal lounge, dining room and sitting room feature European oak parquetry floors, with French doors in the living and dining rooms opening onto a balcony and terrace with Balmoral views.
Mr Hobson has previously worked as a top ranking bank analyst with Morgan Stanley and Credit Suisse and was a consultant to Macquarie Group. Ms Wells is a former public affairs executive.
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