Chemist Warehouse family’s secretive $20m+ Toorak home buy

An impressive Toorak mansion has sold to the family behind Chemis Warehouse for more than $20m. Image: Cotality.

The wealthy Verrocchi family who co-founded pharmacy giant Chemist Warehouse are understood to have snapped up a striking Toorak mansion in a more than $20m deal.

Brokered off-market, the sale to the Verrocchis was circulating as a rumour for a number of weeks — but a caveat confirming a transaction had occurred only emerged in the past few days.

Set in one of the illustrious postcodes most sought after precincts, the home is walking distance to some of the biggest names in Melbourne business circles.

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Sotheby’s International Realty Melbourne’s Max Ruttner and Antoinette Nido are understood to have brokered the deal, but both declined to comment.

Records show the Sotheby’s team sold another high-priced property, in neighbouring South Yarra, to Chemist Warehouse’s former Chief People Officer Danielle Di Pilla for $25.6m in February.

Both Ms Di Pilla and Mario Verrocchi, who co-founded Chemist Warehouse with Jack Gance in 2000, are on the board of Sigma Healthcare which was part of a $30bn merger with Chemist Warehouse earlier this year.

Vikesh Ramsunder Managing Director and chief executive of Sigma Healthcare Limited posing with Chemist Warehouse co-founder Mario Verrocchi at the Sigma Healthcare office in Clayton. Picture: Luis Enrique Ascui.

The home featured striking decor and a long list of enviable features when it last changed hands. Image: Cotality.

The more than 1600sq m Toorak property sold to the Verrocchis features a pool, tennis court and two street frontages.

The impressive residence also comes with manicured gardens and a series of entertainment spaces.

Records show it last sold almost exactly 20 years ago for $3.635m, meaning it has more than quadrupled in price in the span of two decades.

At the time the double-storey residence had a seven-bedroom floorplan with formal dining and sitting rooms on the ground level as well as two studies.

It is understood the home has been rejuvenated since.

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