South Yarra: Aspro heir’s French-style mansion lists for $11m-plus

The South Yarra home of late businessman and philanthropist Tony Nicholas has hit the market with a price guide of $11m-$12m.

Nicholas was the grandson of Alfred Nicholas, co-founder of Aspro-Nicholas, the Melbourne firm that turned a wartime aspirin shortage into a global success story.

The family’s legacy still lives on through landmarks such as Burnham Beeches and the Alfred Nicholas Memorial Gardens in the Dandenongs.

His long-held residence at 11 Coolullah Ave, was designed by architect Geoffrey Somers and channels a grand French Normandy style, complete with twin turrets and manicured gardens.

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Set on a sprawling 1432sq m property, it was the first house built in the prestigious avenue and remains one of its largest.

Nicholas and wife Christina bought the property in 1967, later adding the neighbouring lot to create a private garden retreat with a pool and mature trees.

Christina once described the home as “a fairytale castle”, a sanctuary where they raised their three daughters over six decades.

Kay & Burton’s Peter Kudelka, who is marketing the property with Ada Taylor, said the estate carried extraordinary provenance and timeless character.

“This is more than a home; it’s a testament to the Nicholas family’s legacy of innovation and generosity,” Mr Kudelka said.

Beyond business, Tony Nicholas devoted decades to philanthropy, serving more than ten years on the Epworth Hospital board and over 30 years with WWF-Australia, including roles as vice president and governor.

An adjoining property at 41 Oban St, long used as a guest retreat, is also for sale with a $3.95m-$4.05m guide – or can be purchased together as one of South Yarra’s rare dual holdings.

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