Luxe palaces on high

Herald Sun - Property - - COVER STORY - PETER FARAGO

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.

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