7-Eleven co-owner selling off Sunshine Coast retreat

The Australian co-owner of 7-Eleven is selling her Sunshine Coast holiday retreat, with an asking price of $3.4 million.

Beverley Barlow and her husband Douglas purchased the Noosa Waters property for a modest $535,000 in 1999, and then commissioned the stunning Paul Clout designed home which features a pontoon, large open plan living spaces and four bedrooms.

Beverley Barlow owns Australia’s 7-Eleven business alongside her brother Russell Withers, who recently stood down as chairman following a joint Fairfax Media and Four Corners investigation into staff underpayment.

A year ago, the investigation revealed staff were working for as little as $5 an hour. Since then, 7-Eleven has paid $26 million in back pay to 680 workers.

Despite the controversy, their family business is worth an estimated $1.33 billion, putting the pair at No.35 in this year’s BRW Rich List.

While $3.4 million is a large asking price for the Sunshine Coast, it’s small change compared to Ms Barlow’s recent property trades.

In May last year she set a suburban price record after purchasing a three-storey Brighton mansion for $20 million.

Mrs Barlow and Mr Withers have also recently listed two commercial properties in Melbourne with hopes of pocketing $10 million from the sales.

Still, the Noosa Waters retreat is nothing to be sneezed at.

The four-bedroom, three-bathroom home sits on an 800 square metre north facing block.

It comes with stunning water views from most of the house, and glass doors that allow for a mix of indoor and outdoor living. The kitchen has high-end appliances and travertine benchtops, and a stone fireplace is a feature of the open plan living space.

The main bedroom suite includes a private balcony, walk-in wardrobe and ensuite. The downstairs guest bedroom also comes with a private balcony and ensuite, and one of the upstairs bedrooms could be converted into a study.