Mr Mestanov fled Bulgaria at age 25, when it was still controlled by the Communist Party. He built a step ladder with a crane to help his pregnant wife over an electrified fence into former Yugoslavia.
The retiree’s story is one of hard work and sheer determination. After arriving in Sydney as a refugee he went on to save enough money to buy his dream house in affluent Watsons Bay.
“In 1980, I came here and almost by accident we bought some fish and chips from Doyles, and I said to my wife that I wanted to buy a property here. At the time we were living in Cabramatta - I worked seven days a week and never had a break. I had a few takeaway businesses and I sold them and later on I sold my Gold Coast house, and I bought a business in Liverpool and then bought here in Watsons Bay. The previous owner of my home refused to sell to Doyles, as the property had been in her family for 100 years.”
“In 1980, I came here and almost by accident we bought some fish and chips from Doyles, and I said to my wife that I wanted to buy a property here”
– Alex Mestanov
Now, Mr Mestanov has an approved development approval for the three-story development on his property. Giving him the opportunity to take full advantage of the harbour view with a mixed-use apartment complex, a penthouse, plus another two level house style apartment and a 20 seat cafe.
Mr Mestanov, now a grandfather with three small grandchildren, says he’s keen to stay in the area when he sells.
“To be honest I don’t want to leave Watson’s Bay, I love it here. The opportunity is immense for someone to take advantage of this unique opportunity,” he said.
“Watsons Bay is where the beautiful people want to come and play, and eat and live.”
After owning his three bedroom home for the last 16 years, Mr Mestanov enlisted Ray White Double Day to sell his property.