Fawkner House, South Yarra penthouse sold for $16 million

Beulah International has sold its Fawkner House, South Yarra penthouse for $16 million.

It was a two-level penthouse sold to a local couple.

The Malaysia-backed development is at 146 Toorak Road West.

It initially came with approval for 36 apartments when bought from Michael Yates for $17.5 million in 2016.

But Beulah had architect Rob Mills reconfigure it to just 10 apartments over three levels.

The penthouse was sold to include a unit below.

Six of the now-nine units are now sold with a 2020 completion date.

The penthouse has seven car parks.

There are a floor-to-ceiling height of five metres.

On launch the pricing of the project started from $4.9 million, with two four-bedroom penthouses priced from $9.7 million plus.

Collectively, the residences range in size from 250 sqm to 400 sqm.