Bachelor pad in Foy and Gibson Collingwood development looking for next owner to party down

A palace of pleasure bachelor pad in the Foy and Gibson development in Collingwood is up for sale to anyone ready to party.

The two-level Oxford Street pad includes a rooftop deck with a neon-lit eight-person heated spa, a 10-seater entertainment area with views over the city.

The tasteful 350-square-metre conversion has 4.5-metre-high ceilings, the original factory windows, polished timber floors and a one-piece bent-metal designer kitchen with commercial cooktops. A four-metre vault sliding door reveals the bedroom, which comes complete with a stone-finished bathroom and its own spa.

The listing invites potential buyers to party like a rock star and live like a capitalist.

One corner of the main room has been set up as a music space with club-style lighting and a rack of guitars, amplifiers, mixers and oddly some exercise equipment.

Agent Jeremy Fernandez from Peter Markovic Fitzroy says the property will either sell to a bachelor playboy or a creative musician.

The neighbouring property sold for $1,494,000 last year, and Fernandez says pre-campaign he’s received interest from $1.1 million to $1.2 million.

The property belongs to a local musician who composes jingles. He bought the unit eight years ago when it was just a shell. He used to own the iconic bead store on Smith Street.

The complex of former department store factory and warehouse buildings was built in 1895 by notable architect William Pitt.

The buildings were originally responsible for the production and delivery of goods to Australia’s first chain of department stores, Foy and Gibson.

In 1906 it was described as the largest factory complex in the southern hemisphere, employing 2,000 people.

The complex was considered technologically advanced in its day. Foy and Gibson were early adopters of steam and electric power, with the factories using "many thousands of pounds of the cleverest automatic power-driven machinery,” according to heritage documents.

The pad goes to auction on August 28.