The 7-Eleven Australia director, Dharma Chandran, failed to secure a sale when his Paddington terrace went to weekend auction.
The price guidance had been $4.25 million on the four bedroom home with a nine metre frontage to Cascade Street.
After bidding got to $4.375 million, the BresicWhitney auctioneer placed a $4.5 million vendor bid, which brought an abrupt halt to proceedings. The asking price later was revealed as $4.75 million.
Chandran had been at the home since paying $3 million in 2012. He became a non-executive director at 7-Eleven Australia following the recent investigation into the scandal-plagued convenience store chain, which found franchisees were exploiting workers.
The HR executive has worked across Asia, Oceania, Europe, North America, The Middle-East and Africa with experience in the construction, mining, engineering services, property, oil & gas, telecommunications, shipping and retail industries.
He began working for Just Jeans as a part-time sales assistant in the mid-1980s as a university student after he'd migrated to Australia from Malaysia as a teenager.
This article was first published by The Sunday Telegraph.