Good Guys

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A retail property leased to The Good Guys in Warrawong, New South Wales, has been sold to a local investor for $7.15 million.
The new owner would be holding the site as an investment, with the current lease having about three-and-a-half years left to run, plus a five-year option.
Savills Australia’s Clinton Baxter, Nick Peden and Jesse Radisich brokered the deal for 75-89 King Street on behalf of AFR Rich Lister, Andrew Muir, whose father founded The Good Guys.
The consumer electronics retail chain was subsequently sold to JB Hi-Fi for $880 million in 2016.
“We are witnessing renewed strength and confidence in the large format retail sector, as investors continue to digest the presence of Amazon in Australia,” Baxter said.
The sale finalises Savills Australia’s brokerage of a $150 million portfolio of properties leased to The Good Guys across Australia.
The Muir family put the portfolio of 15 stores up for sale in April 2017 with expectations of about $130 million after selling the chain to JB Hi-Fi in 2016 for $870 million.
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Good Guys store at Warrawong sold to local investor

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Good Guys whitegoods boss Andrew Muir has emerged as the mystery buyer of Miramar, the stunning Flinders home built by entrepreneur Daniel Besen and wife Danielle.
Settlement records show Muir paid $17 million for the <a href="https://www.urban.com.au/news/66626-besen-s-miramar-flinders-estate-under-offer" target="_blank">Wood Marsh-designed home</a> that was described as 'land art by the sea' by its selling agent, Peninsula Sotheby's International Realty agent Rob Curtain.
The award winning home features a sunken living pod and comprises seven bedrooms, five bathrooms, a study, exercise room and a two level master wing. The wings wings were inspired by the boomerang.
It's a triumphant return to the Mornington Peninsula for Muir, who only briefly owned the now demolished Guilford Bell-designed 1958 Baillieu House at Sorrento.
The Besen's pocketed nearly $45 million in two sizeable property sales in six months having also sold their Toorak new build for $26.25 million, a Victorian state record topping Michelle O'Halloran's $26 million sale of Ilyuka at Portsea in 2010 to John Higgins.
Muir has owned some of Melbourne's special homes.
In 2007 he broke the state record when he spent $17.75 million on another former Baillieu family home which was sold by the businessman Steve Vizard who had paid $5.25 million in 2002.
Muir has also previously owned National Trust listed mansion Chandos in East Melbourne, as well as Crathre House, a nearby two-storey Italianate Victorian mansion built in the 1870's.
This article first appeared in The Weekend Australian Mansion Australia section.
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