Lazzcorp Property Group to launch South Yarra apartments
In what appears to be one of Lazzcorp Property Group’s first moves in a decade back into South Yarra, 8 Murphy Street will see 33 luxury residences hit the market later this month.
With a grand opening scheduled for the 21st June, two and three bedroom apartments will be for sale from $913,500 in the boutique block. Another four penthouses, in addition to these 33 dwellings, will be within the development.
Appearing to have more recently focused on larger projects in Malvern East, Lazzcorp Property Group are the brains behind smaller projects in South Yarra including 12 apartments at 34 Darling Street, which they completed in April 2002, and five townhouses at 35 Cromwell Road, which completed in 2003.
This new development, dubbed Eight Murphy, offers balconies or terraces, and high quality furnishings and finishes. With a team including Carr Designs and Urban Design Architects, and marketed by Castran Gilbert, they’re looking for upmarket attention.
Council documents indicate that it is a five storey building, and that car and bicycle spaces for visitor use are included.
According to RP Data the block sold for $3,500,000 in November 2012, with settlement occurring in February 2013, and had previously been a boarding house.
Currently the median price in South Yarra for units is $550,000, according to RP Data, with median asking rent at $595 per week.
