Boost Juice scion Riley Allis lists Glen Iris house after 18 months
Riley Allis, the 20-something son of one of Australia’s top business minds, is making his own big investment moves.
Boost Juice scion Riley Allis is selling a Glen Iris investment property barely 18 months after getting his hands on the home.
The son of Shark Tank investor and business mogul Boost Juice founder Janine Allis is making his own mark on the corporate world after he and brother Oliver emerged as the buyers of the Yo-Chi frozen yoghurt brand in May this year.
Yo-Chi had been owned by celebrity chef George Calombaris, and it is believed proceeds of the business’ sale will go towards resolving debts with the former MasterChef judge’s MAdE catering company’s creditors.
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Records show Mr Allis, who is in his early 20s, acquired the home at 17 Leopold Street in May, 2019, listed it for rent at $750 a week in November last year, then again at $650 a week in October this year.
It is listed for sale at $1.2-$1.3m, with the potential for a modest rise from its $1.2m last sale.
Marshall White’s John Manton said the three-bedroom house was in a convenient location close to transport, parks, schools and shops.
“It’s a terrific opportunity for a young family or an investor to get into the Glen Iris market,” Mr Manton said.
“It’s perfectly liveable now has potential for an update down the line.”
The house goes to auction at 10.30am December 5.
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Originally published as Boost Juice scion Riley Allis lists Glen Iris house after 18 months