Port Melbourne penthouse ambitiously seeks Australian record price
Ambitious for Melbourne, let alone for Port Melbourne where the median unit price is $607,500. But $20 million is the reported desired sale price for developer Elias Jreissati's bespoke foreshore penthouse.
At that price it would just excede the Melbourne and Australian apartment record. The Kay & Burton agent Ross Savas has launched its accompanying video today. There is also its own website.
Its asking price derives from it being 1,040 square metres over three levels - 18, 19 and 20 - atop the HMAS Lonsdale building (pictured below).
Designed by architect Nonda Katsalidis, the Rouse Street property comes with five bedrooms and five bathrooms, plus a kitchen on each level.
There's a rooftop garden with enough space for 100 guests, where Jreissati and his wife, Colleen have hosted many influential political figures.
The apartment cost $3.75 million in 2003 with interiors by leading Melbourne architect/designer Jarrod Haberfield of Molecule. Elias was apparently so impressed with the job that he has commissioned Haberfield to oversee the refurbishment of the homestead at their Yarra Valley winery Levantine Hill – where the couple now intend to spend much of their time.
Apparently the Kay & Burton agency will conduct an invitation-only inspection soirees coinciding with the Melbourne grand prix next month.
Jreissati, the group chairman of the Bensons Property Group, reportedly is currently fitting out the 620-square-metre shell of the entire 82nd floor of Eureka Tower, which he bought in 2010 for $6.67 million.
After a couple of record-setting but abandoned Sydney penthouse deals, plus another in Perth, Title Tattle ranks the $19.36 million sale of the 11th floor, 150 Clarendon Street, East Melbourne, complex as the national record holder.
It sold in 2008 to a Hong Kong holding company, directed by Margaret Lou, the little-known businesswoman born in Tianjin, China. Mortgage financing for the 900-square-metre apartment purchase came from the Bank of China.
