F45 co-founder Adam Gilchrist (pictured) has spent a record $ 14 million to buy the Freshwater home next to the one he owns
F45 co-founder Adam Gilchrist has reportedly hired two bodyguards to stand outside his luxury compound on Sydney’s northern beaches – despite neighbors saying they haven’t seen any additional security in recent weeks.
Locals in the beachside suburb of Freshwater have previously expressed concern about the business tycoon moving into the neighborhood – largely due to his plans to convert his small California-style bungalow into a multi-story townhouse complete with a pool on top. the roof.
The conversation about the development coincided with the appearance of baseball caps worn in the city with the slogan: ‘Keep Freshwater Great’.
The neighbors tiff resulted in the purchase of his neighbor’s multimillion-dollar mansion on Ocean View Road in December 2018.
The $ 14 million price tag for the 440-square-foot property in 2003 was not quite as high as the last $ 800,000 sale price and was more than twice the record set for the northern Sydney suburb.
But despite the Sydney Morning Herald He claimed on Saturday that Mr.Gilchrist had hired extra muscle to stand on the street outside his properties amid growing animosity, but no one has spied on them yet.
Daily Mail Australia spoke to a number of neighbors who lived on Ocean View Road and no one was able to confirm the claim.
Despite paying the substantial sum to move to the neighborhood, the reclusive multimillionaire appears to have shunned attempts to convince the locals.
‘I’ve never shook his hand before. This is a nice community, but there are only a few people I’ve never met and he’s one of them, ”a neighbor, who asked not to be named, told Daily Mail Australia.
Burly guards were reportedly seen in front of F45 founder Adam Gilchrist’s $ 14 million Northern Beaches home (pictured)
The business magnate has turned his F45 gym business into the fastest growing fitness franchise in the world with 1,900 locations in more than 40 countries since 2014
The F45 co-owner and CEO bought the house with plans to move into while renovating the California-inspired cottage next door – purchased in 2017 – converting the bungalow into two stories and a large rooftop pool and outdoor deck built. level.
Several neighbors objected to the proposal, saying it did not comply with building height or border controls.
Northern Beaches Council documents revealed that some residents were concerned that Mr.Gilchrist would also dig below street level.
‘We are concerned about the obvious potential that the current height regulation of the building will be ignored … planting and other additions to the pool deck could further increase the height of the home over such a large area,’ said a resident in their objection.
Another neighbor said, “We are also very concerned about the noise from the proposed rooftop pool.”
The $ 2.5 million redevelopment application for the redevelopment was subsequently withdrawn – though Mr. Gilchrist was confident he would have won any lawsuit over the renovation of his bungalow.
“If we were to fight in court, we would have won and crushed everyone,” he told the SMH earlier.
But he eventually changed his mind and decided to keep the cottage and make smaller renovations that reflected the ‘whole beach heritage’.
Mark Wahlberg (pictured with F45 co-founder Rob Deutsche who is less reclusive and appears as the face of the company) recently became a stakeholder in the international fitness empire
F45 co-owner Adam Gilchrist owns both properties (pictured) in Freshwater and provides a place to relax for the family when they are not in Byron Bay or Los Angeles
Mr. Gilchrist’s cottage was bought for $ 5.4 million in 2017 and sales of the house were kept low by the private business magnate
He spent $ 5.4 million in 2017 on the bungalow which is meters from the beach with a view of the nearby surf.
From this enchanting lifestyle, you can enjoy the sights and sounds of the ocean, slide a few barefoot steps to the sand and surf without crossing a road or stroll a few minutes to seaside cafes and thriving eateries in Freshwater Village , ‘a sales ad said.
The three bedrooms and a bathroom are on just over 400 square feet of land with a modest backyard.
Continuing his ownership expenditures in April 2019, Mr. Gilchrist purchased an $ 18.9 million beach path in Byron Bay that features six bedrooms, four bathrooms and a pool.
The colonial-style house broke the Byron Bay sales record, which was previously owned by the same house when it sold for $ 15.7 million in 2006.
The area has emotional ties to Gilchrist, who was married in Byron Bay, and he said he intended to use the house as a vacation home for his family.
The cottage, which Gilchrist originally planned to tear down, is a few yards from the beach with a view of the nearby surf
The three bedrooms and a bathroom are on just over 400 square feet of land with a modest backyard
Wategos House has a beautiful view of the beach, wooden floors, an open kitchen and a spacious living room that opens onto Wategos Beach.
The master bedroom has an ensuite bathroom with a veranda overlooking the ocean.
The backyard has a pool with shaded areas and space for sun loungers, while the large kitchen has marble countertops and wood paneling.
The Gilchrist family is no stranger to Wategos beach as Mr Gilchrist’s grandfather bought one of the first subdivisions of the Marine Parade 50 years ago.
Mr. Gilchrist married his wife across the street from his new home at Rae’s exclusive boutique hotel on Wategos.
Gilchrist also owns a spectacular Byron Bay mansion that he keeps as a vacation home for his family after marrying his wife in the same area (pictured)
The large open-plan kitchen of the Byron Bay houses has a marble countertop with classic wood panels. The living space overlooks the beautiful Wategos beach
F45 gyms started in 2012 as a joint venture between Mr. Gilchrist and Rob Deutsche, the face of the brand, and is the fastest growing gym brand in the world.
50 new franchises are added every month – more than 1,900 in total in 40 countries, including the UK, Switzerland, India and Lebanon.
Mr. Gilchrist and his family spend much of their time in Los Angeles as the gym continues to expand into the US market.
Famed actor Mark Wahlberg became a stakeholder in the F45 business in 2019.
The colonial-style house broke the Byron Bay sales record, which was previously owned by the same house when it sold for $ 15.7 million in 2006
However, the company’s impressive trajectory hit a bump in October 2020 after a merger agreement with Crescent Acquisition Corp – which would have made the company public on the New York-based NASDAQ exchange – fell through.
The deal valued the combined company at $ 845 million.
“Despite our best efforts to complete this transaction, we eventually concluded that approaching the public markets was not the right option for F45 at this point,” Mr. Gilchrist said of the deal.
That said, we’ve seen strong member re-engagement to near pre-Covid levels. Our business remains resilient and strong and we look forward to continuing to serve and support our members and franchisees. ‘
The F45 gyms combine high-intensity interval training, circuit training and functional training in a group setting.
Workouts are limited to 45 minutes and new workout routines are constantly being developed by a central F45 Athletics Department.
Daily Mail Australia has reached out to Mr Gilchrist via F45 for comment.