Luxe palaces on high
THE air at the top of Melbourne’s property market is rare. And so is the property.
While Melbourne’s drive for inner-city density is keeping a lid on median apartment prices, look well above the 50th floor and there’s a whole other world.
A world offering spectacular views from lavish pads. Luxury fit-outs that befit the up to 360degree views.
Southbank’s Eureka Tower has held the title of Australia’s tallest residential tower since it was officially opened less than a decade ago.
The Grocon construction has become a landmark on the city’s skyline.
And incredibly, there’s still a few pieces of prime real estate available up there, including the three highest addresses currently on the market in Melbourne.
The first is the 84th floor penthouse.
At more than 270m up, it has uninterrupted 360 degree views across Melbourne and has never been lived in.
The kitchen is decked out in marble, along with the private lobby, while the study is timber panelled, the formal living room has an onyx bar and the main bedroom a fold-out TV, on top of the extensive home automation including the blinds, lighting, doors and security.
Greg Herman from Melbourne Sotheby’s International Realty in Toorak is the listing agent and said he was looking at offers over $14 million.
Two floors down on the 82nd, another penthouse is for sale, boasting views to every corner of Melbourne.
The apartment was originally to be the private home of the building’s architect Nonda Katsalidis, of Fender Katsalidis Architects.
Selling agent Gerald Betts from RT Edgar said no expense was spared in fitting out the apartment’s five bedrooms, five bathrooms and entertaining spaces, with features including a lavish Kos spa in the main ensuite, a 20-seat custom-made dining table and sparkling water on tap in the kitchen through HydroTaps that also deliver hot and cold water.
A wine cellar stores more than 1300 bottles.
“It was fitted out by the present owner and has an asking price of around $20 million,” Mr Betts said.
For something below a penthouse, an apartment on Eureka’s 69th floor is about as high as it gets in Melbourne.
Icon Property’s Robert Mitchelson said the 180sq m apartment offered 320-degree views, including Albert Park, Federation Square, Docklands and the city.
“You look right along the coast and you can see the Royal Brighton Yacht Club on a clear day,” he said.
The apartment, with an address of 6908/7 Riverside Quay, is on the market for $1.85 million, which Mr Mitchelson said represented good value.
“Other buildings can be built tall but there are not going to be hundreds that are going to block your view. You are always going to have a good view,” he said.
Mr Mitchelson said a typical 160sq m apartment sold for about $12,500 per square metre.
“We’re talking closer to $10,000 per square metre, which is incredibly good value,” he said.
“Nothing’s being built at $10,000 in that type of quality and height.”
But there’s a shadow looming on Eureka’s stunning glass facade and it’s not another cold front on the weather radar.
Australia 108 will soon claim the title of Melbourne’s tallest tower and offer buyers an even higher address with 1105 apartments spread over its 319m.
Some of the rooms inside the full-floor penthouse apartment on level 82 of Eureka Tower. Agents are looking for a $20 million sale price.
Inside the whole-floor penthouse apartment (above and below) for sale on level 84 of the Eureka Tower on Southbank.
Apartment 6908/7 Riverside Quay is about as high as it gets in Melbourne short of a penthouse.