The South Yarra home of late businessman and philanthropist Tony Nicholas has hit the market with a price estimate of between $11 million and $12 million.
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 monuments such as Burnham Beeches and the Alfred Nicholas Memorial Gardens in the Dandenongs.
His old home at 11 Coolullah Ave was designed by architect Geoffrey Somers and exudes a grand French Norman style, complete with twin turrets and manicured gardens.
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The late businessman and philanthropist Tony Nicholas. Photo: Tony Nicholas Estate
The South Yarra home has hit the market with a guide price of between $11 million and $12 million.
Nicholas’ ancient residence comes complete with two turrets and manicured gardens.
Set in extensive grounds of 1,432 m², this was the first house to be built on the prestigious avenue and it remains one of the largest.
Nicholas and his wife Christina purchased the property in 1967 and later added the adjacent plot to create a private garden with a swimming pool and mature trees.
Christina once described the house as “a fairytale castle,” a sanctuary where they raised their three daughters for six decades.
Peter Kudelka of Kay & Burton, who is marketing the property with Ada Taylor, said the estate had exceptional provenance and timeless character.
“This is more than a home; it is a testament to the Nicholas family’s legacy of innovation and generosity,” said Mr. Kudelka.
Set in extensive grounds of 1,432 m², this was the first house to be built on the prestigious avenue and it remains one of the largest.
Nicholas and his wife Christina purchased the property in 1967.
Christina once described the house as ‘a fairytale castle’.
In addition to business, Tony Nicholas devoted decades to philanthropy, serving on the board of Epworth Hospital for more than a decade and with WWF-Australia for more than thirty years, including stints as vice president and governor.
An adjacent property at 41 Oban St, long used as a guesthouse, is also for sale with a guide of $3.95 million – $4.05 million – or can be bought together as one of South Yarra’s rare dual assets.
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