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Race car driver Ash Samadi has sold a guest house in Bondi Beach for $22million with a record profit.
The Iranian-born property developer secured a deal with a local eastern suburbs resident ahead of a scheduled auction for the 252 Campbell Parade pad on Tuesday.
The price guide was initially set at $20million and sold for 'about $22million' to a buyer who plans to convert it into a home, reports Realestate.com.au.
Massive: Race car driver and property developer Ash Samadi sells his Bondi Beach guest house for $22million
Samadi's guest house had three buyers all pitching to buy the property before it went to auction.
According to property records, the race car driver purchased the site in 2019 for $7.5million, turning a rough $14.5million dollar profit.
But listing agents, Raine and Horne’s Ric Serrao and Albert Sassoon, state that the 2019 sale was in fact
