Guest house

Soul of Gerringong guesthouse on NSW South Coast sold for over $ 4million – Ray White

A Sydney-based investor is set to take the reins of chic coastal luxury vacation accommodation Soul of Gerringong after buying the property for more than $ 4 million.

Located at 143 Belinda Street, the bespoke guesthouse will be handed down by Ben and Simone Mathews, a Sydney-based builder and team of interior designers who have helped build its solid reputation in top travel circles. range.

Ray White Double Bay founder Craig Pontey, who spearheaded the sales campaign with Ray White Gerringong’s agent Neil Campbell, told WILLIAMS MEDIA the new owner will keep the property’s renowned character at the to come up.

In short :

  • The Soul of Gerringon on the south coast of New South Wales was sold to a Sydney-based investor for over $ 4 million.
  • The new owner takes the reins of Sydney-based builder and interior design team Ben and Simone Mathews.
  • The deal was negotiated by Ray White Double Bay founder Craig Pontey and Ray White Gerringong’s agent Neil Campbell.

“This is a very well known property on the south coast, in terms of finishes and the fact that it is often fully booked,” he said.

“The new owners want to make sure that business continues as usual when they take over.

Source: Ray White

“The vision of the previous owner to restore the property, build a brand and a business and pass it on to the new owners has become a reality.”

Mr Campbell said it was a “roller coaster campaign with auctions scheduled for the first week of isolation due to COVID-19.”

“The auction has been canceled and the sale suspended,” he said.

“If there’s a time in history when you can stop a sale and not damage the campaign, it’s now. “

Source: Ray White

Mr Pontey said after the restrictions were eased, the sellers opted not to auction the property or hold open houses, to ensure the health of the small coastal town.

“We kept in touch with a small, select group of buyers who were patient and willing to wait,” he said.

“After an inspection, Soul had found its new owners.”

The new owners will take over the business later this year, with Ben and Simone already busy creating their latest vacation project, The Pause, which will be a sponsored online video series.

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