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Business mogul Graeme Wise and wife Angelina are selling his stunning Mornington Peninsula residence.
Business mogul Graeme Wise and his wife are selling their picturesque Portsea residence for $10m.
Property records revealed Mr Wise’s wife Angelina Wise was named as the owner of the five-bedroom house.
Mr Wise introduced the cosmetics and skincare company The Body Shop to Australia in the 1980s, which later became the foundation of his investment organisation Adidem Group and was acquired by L’Oreal in 2015.
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Now, the couple are selling their Mornington Peninsula residence with $9.5m-$10m price hopes.
Sitting on a whopping 2524sq m block, the home, designed by prominent architect Christopher Doyle and constructed by Smith Builders, offers plenty of light-filled spaces.
The large home on a 2524sq m block has five bedrooms.
The home is for sale with a $9.5m-$10m price guide.
Inside the home feels spacious thanks to its high ceilings.
While Peninsula Sotheby’s International Realty senior sales associate Patrick Sinn declined to comment on who the sellers were, he said the abode’s location was highly desirable and close to local beaches.
“The property is very well designed in its zoning,” Mr Sinn said.
“It’s got plenty of privacy and all the amenities that families are looking for in a summer holiday property, particularly some wonderful alfresco entertaining spaces.”
CoreLogic data shows the couple purchased the house in March 2015 for $5.9m and decided to enhance the property in 2017.
Views of the pool from your bedroom.
Entertain in style in your back yard.
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The Portsea pad features a floodlit tennis court, heated swimming pool, spa, a full barbecue kitchen with a pizza oven, an outdoor fireplace and a bluestone terrace.
The kitchen offers marble surfaces, a cool room and has an outdoor bar bench attached.
There’s also a temperature-controlled wine cellar and a private wing for the main bedroom that looks directly out to the pool, also with a dressing room, ensuite and separate lounge with a fireplace.
Have a hit day or night on your own floodlit tennis court.
Through Mr Wise’s extensive philanthropic work, he founded The Big Issue — a non-profit and charity which provides work opportunities for people experiencing homelessness and disadvantage.
Formed in 2008, both he and his wife are also board members of the Wise Foundation, which aims to help people achieve economic independence through business.
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sarah.petty@news.com.au
