Zimmermann property empire grows with $20.5 million Tamarama purchase

Paul and Marion Richmond have sold two houses in South Coogee for $18.5 million-plus.The international success of local fashion brand Zimmermann continues to show up on Sydney’s high-end property market as a block of four apartments in Tamarama settles to company interests of Zimmermann chief executiveRecords show $20.5 million was paid for the block after the owners banded together to sell it in one line.

secured a pre-auction sale of their Gladesville home, with property portals indicating a result of $4 million.The bungalow on Sunnyside Road had been listed with a $3.8 million guide by BresicWhitney’s Nicholas McEvoy, although the agent declined to confirm the price. The house last traded for $2.5 million in 2015 when the couple ran the celebrated three-hatted restaurant Sepia, which closed five years ago.

Historic council records reveal Chisholm was not a fan of such plans because it would have impinged on his views to the north, so in 1995 he applied to have the cottage forcibly acquired using ratepayer funds to be consolidated with neighbouring Wiltshire Park.When that failed, Chisholm applied to have the house’s setback from the street extended from six metres to 48 metres, and then made two attempts to have the house heritage listed.

It was all for nothing, but the stoush was enough to make the Forsyths reconsider owning in Palm Beach. No sooner did council approve the demolition of Willeroon than the family put it up for sale.

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