Chemist Warehouse kingpins splurge on $45m ‘holiday homes’

Chemist Warehouse co-founder Mario Verrocchi seems set to emerge as the $23m wholefloor penthouse buyer in the boutique Hall & Campbell development overlooking Bondi Beach.

The Toorak-based Verrocchi had been intent on buying the sub-penthouse, but Goodman Australia chief and Wallabies legend Jason Little and wife Bridget have reputedly opted not to acquire the 285sq m fourth floor penthouse, which comes with 85sq m on the third floor, and 443sq m space all up.

They had been pinpointed as the $23m off the plan buyers in mid-2024.

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Meanwhile, Verrocchi, who has an estimated $7bn plus wealth, has apparently quickly flicked the sub-penthouse on to colleague Mario Tascone, who joined Chemist Warehouse as an intern pharmacist in the late 1980s.

Tascone and his wife Alison, of Balwyn North, will end up holidaying in the $21.5m two-level Bondi Beach sub-penthouse in the complex developed by Capitel Group’s Eduard Litver and Rebel Property Group’s Allen Linz.

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The site of the 1950s Bates Milk Bar, known for its choc-malt milkshakes until its 2001 closure, was bought for redevelopment for $19.12m in 2016.

Bondi Beach’s highest priced single apartment remains the $24m buy in 2022 by Multiplex heir Andrew Roberts on Notts Ave.

The most recent Notts Ave sale saw derivatives trader Andrew Killion emerge as the $11.8m buyer of the apartment of Peter Scutt, CEO of Mable, and wife Nadia Jacob, a property decorator. It sold through Ben Collier at The Agency having paid $8.08m in 2021 for the two-bedroom apartment in the 1980s block.

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It seems likely be an in-between home for Killion, who last year spent $20m on a duplex in Tamarama he will demolish and build a new home.

At the northern end of the beach, the Rubenstein brothers have secured $5.05m for their investment property in the Cadigal complex from Kim Newton.

It had been listed with $4.7m guidance by TRG’s Jarryd and Gavin Rubinstein.

Their apartment in the redevelopment of the Bondi Diggers Club cost $3.025m in 2017.

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