South Yarra boarding house fetches $12.5 million

South Yarra boarding house fetches $12.5 million
South Yarra boarding house fetches $12.5 million

Quentin Wallace, the owner of International Racehorse Transport, has paid about $12.5 million for a South Yarra boarding house with strong art nouveau influences.

It is an unrenovated 54-room boarding house set over two neglected buildings.

The St Arnaud complex sits on an 890 square metre block at 93-103 Park Street, near the Royal Botanic Gardens and Domain Road shopping strip.

Gross Waddell’s Michael Gross and Jonathon McCormack and RT Edgar’s Jeremy Fox were the marketing agents.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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