Albert Park

Apartment developer Tim Gurner and wife Aimee have secured the snappy sale of their retained apartment at his Albert Place Residences project in South Melbourne.

Retained after the projects' construction completion by Crema early last year, it was listed with $4.4 million to $4.8 million price guide.

The three-bedroom 300sq m apartment, fetched more than $5 million after being on the market for only five days.

"WOOOHOOO - exciting times as our latest Penthouse sells in record time 15% higher than expected," Gurner said.

Apartment 1405/7 Bowen Crescent in the Albert Place Residences has 180-degree views over Albert Park Lake

The Albert Place sale was through The Agency’s Michael Paproth and Gurner general manager of retail sales Deborah Wiltshire.

"Congratulations to Michael Paproth for running a great process on our latest custom design penthouse at Albert Place," he added.&nbsp;

"A lot of love and care went into this special home and we are thrilled to see it go to an amazing family who can now enjoy it forever."

Paproth said&nbsp;the sale shows the strength of the high-end market.

“We launched the apartment on the Thursday and within hours we had inspections, both in person and virtual and were exchanged in a little under five&nbsp;days with competition from three&nbsp;parties,” Paproth said.

The apartment, which had been rented for $5000 per week, was bought by a local downsizing couple from their home within 3km. There had been interest from&nbsp;South Africa, the UK and Hong Kong.

Albert Place Residences has 142 apartments.

"WOOOHOOO - exciting times as our latest penthouse sells in record time 15% higher than expected," Gurner advised



jchancellor-FAypfDUnLy

Quick sale by Tim and Aimee Gurner in Albert Place

The Melbourne apartment developer Tim Gurner has listed the sub-penthouse in his South Melbourne project, Albert Place Residences, amid significant interest in penthouse offerings across Melbourne.

“I’ve never seen so much demand for luxury penthouse product," Gurner said.

"We sold out of our penthouses at Victoria &amp; Vine and St Moritz months ago but this luxury three-bedroom product is still easily the most enquired about apartment type across our portfolio."

It comes with $4.4 million to $4.8 million price hopes.

"The&nbsp;space that was a personal creative vision project for&nbsp;Aimee Gurner&nbsp;and I .... a spectacular space with no expense spared," he said.

It has 180-degree views over Albert Park Lake, Port Phillip Bay and back to the city.&nbsp;

<a href="https://www.urban.com.au/news/vic/why-tim-gurner-chose-collingwoods-smith-street-the-worlds-coolest-street">Read more:&nbsp;Why Tim Gurner chose Collingwood's Smith Street, the world's coolest street</a>

<img alt="" data-entity-type="" data-entity-uuid="" height="899" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_albert_place_2.jpg" width="1200" />

The investment apartment at 1405/7 Bowen Crescent had been leased out for $260,000 a year, or $5000 a week, last year after the projects' construction completion by Crema.&nbsp;

The building was designed by Elenberg Fraser.

The tenant was introduced by Burton’s agent Taylor Dow.

Gurner has now listed the penthouse amid the increasing demand for luxury penthouses.

Local agent Michael Paproth is running the sales marketing campaign.

“At present, there are a lot of high-net-worth Australians repatriating from overseas, particularly from Asia, who have become accustomed to apartment living and are on the hunt for homes exactly like this,” Paproth said.

<img alt="" data-entity-type="" data-entity-uuid="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_albert_place_3.jpg" width="1200" />

The 300 sqm apartment was modelled on the style of Beverly Hills mansions.

“Most of the furniture I had custom commissioned, and some of the art is from my own private collection,” Gurner advised.

“We really had no intention of leasing the penthouse. But after an interested party was introduced to us, we quickly negotiated a deal.

At that time Gurner had intended to keep the sub-penthouse for events with private clients.

It features $400,000 worth of arabascato marble in the kitchen, bathroom and joinery, plus polished plaster walls, ebony herringbone timber flooring, mirrored columns, and a state-of-the-art audio-video system.

The home offered a commercial kitchen with Gaggenau appliances, a 4m island bench and a separate scullery, and a main bedroom with dual walk-in wardrobes and a swish ensuite.

Bathroom features and fittings included a freestanding stone bathtub, a double rain shower, marble drawers and flooring, and a $40,000 SensoWash toilet.

The entry hallway has marble-slab flooring and walls.

Albert Place Residences offers private club facilities, including a bar, a library and a lounge, a 2500-bottle wine cellar and a Turkish bathhouse featuring a lap pool, a sunken spa and a sauna.

The development contains 140 apartments, which sold for between $475,000 and $21 million.&nbsp;

Apartment 1405/7 Bowen Crescent in the Albert Place Residences has 180-degree views over Albert Park Lake

Tim Gurner to capitalise on booming penthouse market, lists Albert Place Residences sub-penthouse 

<html><body>
Lawler House, a trophy home in Albert Park featuring a tower lookout, has sold at auction for $9.01 million.
The Page Street home fetched more than its $8.4 million reserve at the weekend, with over 100 turning up to look.
It was bought by an upsizing local, trading for the first time in almost three decades.
It was sold following the death last year of estate agent John Holdsworth, nicknamed in the officer as the Mayor of Albert Park.
His former office of Greg Hocking Holdsworth saw bidding start at $7 million. The price guide's top of the range was $7.5 million.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/3/23/LAWLER%20HOUSE%202.jpg" alt="">
Set behind its original Victorian facade, the 1880s home underwent a renovation in 2008 which has created the five bedroom family entertainer.
An automated glass doors that connect a spacious living domain with the rear pool and spa on its 600 sqm parcel.
The tower, with views of the city from the top, is accessed by a spiral staircase.
 
 
 
 
</body></html>

jrobinson-rf4aSBido9

Albert Park trophy Lawler House sells for over $9 million at auction

<html><body>
A triangular-themed home in Albert Park, dubbed the "Downside Up House", is now up for sale.
The Victorian, transformed by director of architecture studio WALA Weian Lim, won the people's choice award at the 2018 Architeam Awards.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/12/20/albert%201.jpg" alt="">
It is owned by Alec Griffin of Daylan Developments.
The Agency's Brendan Coburn and Michael Paproth are now asking $2.15 million, after quoting between $2 million and $2.2 million for its recent auction.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/12/20/albert%202.jpg" alt="">
Set on a tight triangular 130 square metres site, the home has three bedrooms and a top floor living that features a balcony.
Griffin paid $1.3 million in 2016.
This article was first published in the Weekend Australian. 
</body></html>

firstname1-iYD4UYzvBa

Downside Up House in Albert Park listed

<html><body>
An Albert Park Victorian terrace located on St Vincent Gardens has hit the market with a price guide between $7 million to $7.5 million.
Set on a 459sqm block, the double storey home at <a href="https://www.realestate.com.au/property-house-vic-albert+park-132083834" target="_blank">93 St Vincent Place South, Albert Park </a>is distinguished by soaring ceilings and exquisite period elegance.
It has been listed by Simon Gowling and Max Mercuri from Greg Hocking Holdsworth Albert Park.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/9/albert%20park%202.jpg" alt="">
Designed by the late Stuart Rattle, the home comprises four bedrooms, sitting room, formal dining with fireplace, gourmet kitchen and a light-filled living and dining room. 
The main bedroom features marble open fireplace, balcony overlooking the gardens, built-in robe and ensuite. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/9/albert%20park%203.jpg" alt="">
Other highlights include hydronic heating and reverse cycle cooling, alarm, powder-room, double garage and store room.
The expressions of interest campaign for the property closes October 29.
 
</body></html>

Albert Park Victorian terrace hits the market 

<html><body>
<div>Behind a classical Victorian facade is a four bedroom, three bathroom Jackson Clements Burrows design located in Albert Park.</div>
<div> </div>
<div>Situated at <a href="https://www.domain.com.au/56-victoria-avenue-albert-park-vic-3206-2014783689" target="_blank">56 Victoria Avenue, Albert Park</a> the home is described as "encapsulating open plan living."</div>
<div> </div>
<div>Featuring honed blue-stone floors surrounding an open plan kitchen the home is set on two levels.</div>
<div> </div>
<div>With two street frontages and flexibility for a large home office the home also feature stackable sliding doors reveal a sunny backdrop landscaped so that the accompanying double garage function as an entertaining pavilion.</div>
<div> </div>
<div>The home also comes equipped with high ceilings, designer light fittings and great presentation further enhancing this home positioned between Bridport Street and the beach.</div>
<div> </div>
<div>Last sold in 2014 the home fetched $2,225,000.</div>
<div> </div>
<div>The holding is for sale through an expressions of interest campaign ending December 17.</div>
</body></html>

j.ballantyne1990-6AQqhLzZaK

Modern Albert Park home with classical Victorian facade for sale

<html><body>
Designer Jayden Zernich, founder of creative agency Condensed, sold his recently renovated three-bedroom Albert Park home.
The Edwardian home on Richardson Street sold for $3.09 million after it was passed in at auction with just the one bidder.
Marshall White had three registered bidders, but the property passed in for $2,925,000.
The buyer was an expat.
There had been price guidance of $2,850,000 to $2,950,000 through Marshall White who offered three comparable sales.
<table>
<colgroup>
<col>
<col>
<col>
</colgroup>
<tbody>
<tr>
<td>
1 102 Page St ALBERT PARK 3206
</td>
<td>
$3,230,000
</td>
<td>
08/05/2018
</td>
</tr>
<tr>
<td>
2 386 Richardson St MIDDLE PARK 3206
</td>
<td>
$3,050,000
</td>
<td>
26/02/2018
</td>
</tr>
<tr>
<td>
3 18 Page St ALBERT PARK 3206
</td>
<td>
$2,740,000
</td>
<td>
21/07/2018
</td>
</tr>
</tbody>
</table>
</body></html>

Edwardian home on Richardson Street, Albert Park sold by designer Jayden Zernich

<html><body>
Larry Kestelman has sold his Queens Road, Melbourne headquarters for around $60 million.
It has been bought by a Chinese investor.
The 10 Queens Road was sold on a yield of around 5%.
<a href="http://www.colliers.com.au/18940/" target="_blank">Colliers</a> were seeking tenants for vacant office space in March.
Kestelman bought the Queens Road tower in 2013 for $21.35 million on a 10.8% yield.
Number 10 Queens Road, at the north-eastern edge of Albert Park Lake, was bought after the entrepreneur was cashed up after selling his interest in Dodo to M2Communications for a reported $150 million.
He revamped the 8700 square metre building, which sits on a 2300 square metre site.
LK Property will retain its space in the building.
The 19-level building overlooks Albert Park Lake.
Kestelman is meanwhile planning to develop a $140 million, 10-storey office building in Fitzroy North.
“Not everyone wants to work in the city,” Kestelman recently told The Australian.
“My office is on Queens Road (near South Yarra). It’s a great spot. It allows me the benefit of being close to the city but not having to drive into the city every day.”
The 622 Nicholson Street site, currently the Moonlight Receptions function centre, is 3 kilometres from the city centre.
The developer considered apartments but decided on an office project since the Melbourne CBD office market is tight, with vacancy at just 4.6%, according to recent Property Council figures.
The project marks a departure for the developer, whose LK Property Group has largely focused on apartments, other than transforming its own head office.
The group’s flagship project is the $500 million Capitol Grand tower in South Yarra, where close to 80% of the stock below level 32 is sold.
The premium upper-level apartments are 35-40% sold.
 
 
</body></html>

Larry Kestelman sells his Melbourne headquarters for about $60 million

<html><body>
Company director Lyndon Galvin and his wife, occupational therapist Danika, have listed their Albert Park home.
The <a href="https://www.realestate.com.au/property-house-vic-albert+park-128082682" target="_blank">Tandem Architects-designed residence</a> is set behind the original 1891 Victorian façade.
It is is a contemporary home comprising four bedrooms, three bathrooms and two living spaces which has been listed with $2.95 million to $3.2 million hopes.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/26/albert2.jpg" alt="">
There are two courtyards designed by Eckersley Garden Architecture.
Justin Holod of Marshall White Bayside has scheduled a May 5 auction.
</body></html>

Classic 1880's Albert Park home with architect extension for sale

<html><body>
The Melbourne food and beverage operator Beacon 88 has secured a five-year lease for its Albert Park premises.
It is a 160 sqm retail space on the ground floor of the residential complex at 88 Beaconsfield Parade.
Beacon 88 will open a high-end eatery leased at a net annual rent of $593 a square metre.
Knight Frank agent Paul Pellegrino brokered the deal for landlord, Pentas Property Investments.
<a href="http://88beaconsfield.com/vision" target="_blank">The building </a>was designed by Omiros One Architecture with a 4th floor lap pool and sun deck, overlooking the Melbourne CBD skyline, and provide a space accessible to all residents to enjoy the Port Phillip Bay view.
</body></html>

Albert Park

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Albert Park

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News