Towers Road Toorak property listed with record-setting $26 million plus price hopes
One Towers Road, Toorak, owned by former JPMorgan Australia chairman Brian Watson, has been listed with record-setting expectations.
Set on more than 3,200 square metres, the six-bedroom house was once owned by businessman John Elliott.
Its Kay and Burton listing agent Michael Gibson expects the house to attract more than $26 million and set a new Victorian record.
The empty-nester Watson family bought the Toorak property in 2001 for $11.1 million, a then record-setting price.
The more impressive neighbouring mansion next door at 3 Towers Road went on the market in May but has been withdrawn from sale after no offer matched the owner's $30 million-plus expectations.
''We had $25 million offered [for number three] and the vendor decided not to take it,'' Gibson told The Age.
The sale for about $26 million of Ilyuka at Portsea to Melbourne businessman John Higgins in December 2010 is the record price for Victoria, followed by the reported $25 million sale in 2010 for the former Baillieu family estate on St Georges Road, Toorak when bought by soft-drink magnate Harry Stamoulis.
It was bought from the Inge family, which owns the aged-healthcare and property development company Zig Inge Group. The Inge family had paid $14.8 million for the St Georges Road property in February 2009. The seven-bedroom Federation house had been the home of Diana Baillieu, mother of Victorian Premier Ted Baillieu, until she died aged 93 in 2008.
