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Architect to sell Melbourne apartment for $4m
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Architect and long-term apartment dweller John Denton has put his 183-185 Flinders Lane penthouse up for sale with an asking price of $4 million-plus – about four times what it cost him and partner Morry Schwartz to buy the building in 1991.
Mr Denton – whose firm Denton Corker Marshall designed a string of the country’s most prominent buildings, including Melbourne’s 101 Collins Street, Sydney’s Governor Phillip Tower and Brisbane Square – and his artist wife Susan Cohn are downsizing from the 346sq m full-floor apartment they have lived in for the past three decades.
CBD properties flood the market as owners shift into sell mode
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Shifting fortunes are bringing a flood of CBD properties to market with a raft of long-term and short-term investors calling time on their holdings.
In the west end, a pair of investors who held their properties for more than 40 years are selling 423-425 Elizabeth Street.
CostFox’s strata office in Cremorne.
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Originally part of the old Argus Hotel - neighbouring the Argus Building on the corner of Latrobe Street - the shop is expected to fetch a whopping $15 million.
Former motorcycle store revs up CBD market
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The former home of longstanding retailer Peter Stevens Motorcycles has hit the market in the Melbourne CBD, complete with plans for a 10-level retail development above it.
The motorcycle dealership has exited the three connected buildings at 337-347 Elizabeth Street, having sold the property for $31.5 million two years ago to interests associated with developer Longriver Group.
Melbourneâs commercial property market is revving up.Â
Since then plans were formulated for a $110 million retail tower, with the development winning council approval this year.
Together, the three existing buildings â of two and three storeys â along with the added value of a development approval could fetch as much as $38 million.
Since the age of eight, Ho Lee Ching has been living with Tourette Syndrome (TS) – a neurological disorder that causes repetitive involuntary movement.