Beau Neilson, daughter of Johannesburg-born investment tycoon Kerr Neilson and Zimbabwe-born billionaire philanthropist Judith Neilson, has sold her landmark Sydney warehouse home for about $8.5 million, nearly four times what she paid for it in 2012.

The billionaire heiress, who owns and serves as creative director of Sydney live music venue The Vanguard, bought the rundown industrial building in Chippendale for A$3.1 million, equivalent to about $2 million, with support from her parents, Kerr and Judith Neilson.

Subsequently, the property changed hands through a private sale on July 2 for a sum understood to be close to A$13 million, or about $8.5 million.

Beau Neilson initially listed the residence in August 2025 with an A$19 million guide before reducing the asking price to A$13 million in May.

From warehouse to luxury residence