Art collector Greg Hargrave sells Spring Street penthouse

Businessman and art collector Greg Hargrave has sold his penthouse atop the ultra establishment block, 99 Spring Street in Melbourne.

Encompassing the entire 25th floor, the four bedroom, three bathroom apartment has a home office and an outdoor terrace that offers views over the CBD.

The renovation is not to everyone's taste.

He's owned it since paying $4.08 million in 2013. Dingle Partners agent Anton Wongtrakun had a $7.5 million price guidance this time round.

The building was originally constructed in 1968 as one of the first purpose built residential buildings in the Melbourne CBD.

The penthouse was once owned by entrepreneur Robert Holmes á Court.

Since then the building has been transformed by Kerry Phelan of KPDO. The lift foyer comes with graffiti art by Anthony Lister.

Early last year Hargrave sold Wavendon, the historic 1888 South Yarra trophy for around $18 million.

Hargrave of the Skilled Group had paid $11.25 million for the three level Walsh Street home in 2006 in an off-market deal.

This article first appeared in The Weekend Australian Mansion Australia section.