A Flinders house owned by retired mining executive Charles Reis has hit the market with a $2.4-$2.6 million price tag.
Mr Reis worked as a senior figure for global mining companies, including Western Mining Corporation, BHP and MMG, alongside major industry players including Andrew Michelmore, Hugh Morgan and Sir Arvi Parbo.
He and wife Chris have listed the sprawling property at 26 Cook St to downsize.
Mr Reis said they extensively renovated and extended the fisherman’s cottage, which was built in the 1930s. It’s set on an 1854sq m block with sweeping lawns, fruit trees and glimpses of the bay.
Kay & Burton Flinders agent Tom Barr Smith said the huge block could be subdivided by the next buyer.
“I think it may well become a holiday home, but it also lends itself to being a permanent residence,” Mr Barr Smith said.
“They’ve looked after it really well and we’ve had some positive feedback during the campaign.”
The businessman’s parents and grandparents owned the renowned Naughton’s Hotel in Parkville for 90 years.
“I was taught to pour a beer before learning to ride a bike,” Mr Reis said.
“I grew up in the hotel as a child and anyone with a keen eye will notice some of the pub memorabilia on the walls of our house at Flinders.”
The pub, popular with Melbourne Uni students, recently reopened as Carlton Football Club’s unofficial social club.
The large five-bedroom Flinders property, which also has a billiards room, is scheduled for auction on October 19.