Melbourne Business School Mt Eliza campus for sale
The University of Melbourne has placed the waterfront campus of the Melbourne Business School, Mt Eliza, up for sale through an expressions of interest campaign by CBRE.
The 8.9ha (89,300sqm) campus, Moondah includes exclusive beach frontage of approximately 190m. It also features around 302m frontage to Kunyung Road, conference and training facilities, meeting rooms, office space, four dining facilities plus bar, vineyard, tennis court, volleyball court, 11 mixed-use buildings and a 95 bedroom accommodation facility.
Marc Flipo, chief operating officer of Melbourne Business School said the sale of the Mt Eliza campus, and subsequent expansion of our Carlton campus, will ensure Melbourne Business School continues to deliver world class business education.
CBRE’s Bianca Butterworth said the opportunity for a buyer to immediately expand educational programs in well-appointed and established school facilities should be a key factor in attracting international education institutions to the Mt Eliza site.
“Despite strong potential for the property to remain as an educational institution, we believe the site also offers an exceptional opportunity for a strategic buyer to re-imagine the property for the next generation,” she said.
“This site has the ability to appeal to a wide range of buyers and we could see the end use being anything from a boutique hotel to a grand private residence, subject to approval from relevant authorities."
CBRE will be negotiating the sale via an international Expressions of Interest campaign, closing Wednesday 10th August.
The original opulent 42-room mansion has been demolished, though the gatehouse on the property built in 1888 by James Grice remains.
The red-brick gatehouse is similar in design to the gatehouse in Parramatta Park in Sydney.
The property was later owned by Sir Reginald Ansett and used as the Hotel Mayung from 1947.
From 1957, the building was occupied by the Mt Eliza Business School and since 2004, the Melbourne Business School, following the merger of the two schools.