One of South Yarra’s grandest homes, Atherley, is on offer for the first time in 24 years. The South Yarra family home – which belongs to outgoing Reece chair Tim Poole and his wife Jane – has hit Melbourne’s prestige market guiding between $11 million and $12 million.

The prestige property listing times with the announcement of Mr Poole’s retirement following eight years with the plumbing and trades giant. He will be succeeded by Reece Group CEO Peter Wilson in November.