South Yarra boarding house fetches $12.5 million
Jonathan ChancellorDecember 7, 2020
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 is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.