The Birchgrove property of Les Schirato, who heads the $250m company Vittoria Food and Beverage, has been listed for sale with a price guide of $6m.
The four-bedroom Louisa Road home, which sits on an enviable position on the eastern tip of the Birchgrove peninsula, has been in the Schirato family since 2007 when they bought it for $3.4m.
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The property was extensively renovated two years ago and since then has been home to several family members. Before the renovations it was leased out, as the coffee king’s main home is in Turramurra on the north shore.
During the remodelling, the kitchen was relocated downstairs so there was a better connection to the living areas.
Mark Bowis of Cobden Hayson Balmain said the home — which has its own private jetty and deep water mooring — has attracted a lot of attention from the overseas market.
“It’s the only waterfront property on the market in Birchgrove at the moment. You usually only get one or two a year, so there is a lot of pent-up demand for this type of home,” Mr Bowis said.
“It’s only three houses from the end of the peninsula and has coveted views to the Harbour Bridge — it doesn’t get much better than that.”
Schirato, the son of Italian immigrants, is responsible for the immense success of Vittoria Coffee, which is surviving the downturn in business thanks to his push of vacuum-packed coffee into supermarkets in the 1980s.
The demand for his supermarket product has surged 23 per cent as consumers turn to home coffee machines for their daily cuppa during COVID-19 restrictions.
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