Real Estate

Race on to buy unique property

Written by The ReReport
As seen in the Source link, written by on 2018-12-12 00:31:44

One of the racing industry’s stalwarts is on the move, with Peter Trothe set to take his Kingsford property to auction this Saturday.

Mr Trothe had an illustrious career in the horse racing industry through his security business, even caring for five Melbourne Cup winners and many equestrian horses at the 2000 Sydney Olympics.

Starting his career working for legendary trainers Tommy Smith and Bart Cummins, Mr Trothe made the jump into security and started Australia’s first horse specialist security service.

“I was a security guard for Sir Peter Abeles and was riding track work for Bart Cummins as well,” he said. “One day Bart called me into the office and asked me if I would like to do security for his horses and that’s how it started.”

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The job involved overnight watch of horses competing in major races, on course security and ensuring their safety when in their stalls. During this time he looked after many champion horses including Zabeel, Kiwi, Empire Rose, Bonecrusher, Saintly and Rogan Josh.

He has amassed plenty of racing memorabilia, turning his house and office into a shop in the 1980s while also helping the major racing clubs find trophies.

With the shop now closed, Mr Trothe is looking to move on from the house at 243 Botany St, which he bought in January 1986 for just $75,000 when it was a ballet clothes store.

“The time is right to sell,” he said. “I’m very proud of everything I have done in my life.”

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The property provides the perfect opportunity for someone to move in and take advantage of the work space at the front and living quarters at the rear, with potential to rent it out for extra income. The multifunctional nature of the house and potential to further develop (STCA) are just some of the reasons Mr Trothe thinks it’s a one-off opportunity for buyers.

“It’s a growing region and with the light rail coming in I think the value will really climb again — it’s an underrated area,” he said.

Gavin Lewis of Phillips Pantzer Donnelley-Woollahra is selling the property with Alexander Phillips and said the property’s flexibility was its biggest drawcard. It goes under the hammer on Saturday at 4.30pm.