$7 million penthouse sale secured in the Gurner South Melbourne

It was 2016 when all top floor spaces were sold off-the-plan in the project near Albert Park Lake with its design by Elenberg Fraser

$7 million penthouse sale secured in the Gurner South Melbourne
$7 million penthouse sale secured in the Gurner South Melbourne

A near $7 million sale has been secured by Michael Paproth, of The Agency, in the GURNER South Melbourne project.

A 545 sqm penthouse at 74 Eastern Rd sold over the summer break.

It was 2016 when all top floor spaces were sold off-the-plan in the project near Albert Park Lake with its design by Elenberg Fraser.

The then five buyers saw GURNER secure sales totaling $10.75 million as one buyer bought two penthouses, outlaying $3.5 million to amalgamate the holding.

Another of the penthouses went for $3.9 million and the others were priced around the high-$1 million mark.

Developer Tim GURNER’s brief to designer David Hicks was to design penthouses “akin to a $10 million custom private residence.”

One of the buyers were retired empty-nesters Ross and Jenny Venuto who secured the $3.9 million penthouse.

Landscaper Jack Merlo was engaged to work at the nine-level building of 71 apartments.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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GURNER South Melbourne Buying off-the-plan

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