Saint Cloud Mansion, South Yarra, Approaches Third Year on the Market |
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Written by Marc Pallisco
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Tuesday, 12 February 2008 |
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With the prestigious residential market having experienced its biggest boom since the late 1980s – surely South Yarra’s troubled Saint Cloud mansion should be receiving offers close to the $10 million vendor, business identity Peter Clark was after, when he listed it for sale almost three years ago.
The unique 100 square, 6-bedroom semi-circular mansion occupies one of the biggest blocks in South Yarra, and has views over the Yarra River to the CBD. The estate includes a long, tree-lined driveway, tennis court, pool, spa, sauna, 5-car garage and established botanic garden.
The problems, local agents speculate, as to why the home has languished on the market is its location at the end of Kensington Road – which is only accessed via busy Toorak Road.
“Once you’re in Kensington Road, you need to drive by 30 blocks of flats to get to it,” said one agent who wished to remain anonymous. “And we’re not talking art deco, or boutique blocks of flats with character...we’re talking 1970s eyesores...not what you usually associate with South Yarra”.
Given demand for apartments in the area, it has been speculated this year Saint Cloud might arouse more interest as a development site, sharing similarities to the larger Copelen apartment complex Becton developed a few streets away in 1995.
Abercromby’s director Jock Langley, who is marketing the property with RT Edgar, failed to return Secret Agent’s call to respond to the speculation.
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