New St Kilda Road Apartment Record |
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Written by Marc Pallisco
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Monday, 29 October 2007 |
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An undisclosed international business identity has paid a record $8.59 million for a luxury St Kilda Road apartment.
The sale price eclipses the $8.325 million record set by Wimbledon ace Lleyton Hewitt in 2005, for the Yve penthouse on levels 19 and 20, at 576 – 578 St Kilda Road.
Selling agent Jenny Gould of Apartment Brokers negotiated the sale of an apartment at Morry Schwarz’s 401 St Kilda Road boutique building last month. She said the buyer is an international business identity with family in Melbourne.
“We met them about five years ago and have showed them several St Kilda Road apartments over this time without any joy,” she said. “At 401 we were able to work with the architects, the client’s own design consultants and the developer to design an amazing whole floor apartment that finally satisfied their exacting requirements.”
The apartment, due for completion in 2009, is likely to hold the record as the highest price paid for a unit on the boulevard, at least until Lleyton decides to put his apartment on the market.
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