Hendra, the Mt Eliza trophy home sells at $7.25 million
Hendra, the 1930s Mt Eliza home once owned by the Coles family has found a new owner, Brighton East resident Min Zhang, wife of Jianping Fu.
The heritage-listed 1.7 hectare holding was built by Sir Edgar and Dame Mabel Coles, who had commissioned the architect Harry A. Norris.
It was listed mid-2013 with price expectations of $8 million, selling recently at $7.25 million, Property Observer has gleaned. It sold last October, but settled only last week.
Property developer Greg Farmer bought the 11 Williams Road property in 2006 for $4,825,000 before undertaking a major renovation.
It was sold by agent Michelle Skogland of Aqua Real Estate Mt Eliza in conjunction with Kay & Burton Brighton's Ian Jackson and Andrew Hines were co-agents.
The first George Coles landed in Australia in October 1853, heading for the goldfields. Coles set up the first store in a tent at Daylesford. Later, he began at shop at Diapur.
The real beginning of G.J. Coles and Co. Ltd. took place in 1919, when a new Smith Street store opened as a "nothing over 2/6" store."
There had been a 1994 subdivision of Hendra which saw blocks within the 27 hectares available at prices ranging from $220,000 to $295,000.
