Swimmer Michael Klim Turns his Hand to Property Development

ANOTHER sportsman is turning his hand to a property development, this time in Brighton.

Swimmer Michael Klim is developing two luxury townhouses in the prestigious pocket of Martin Street, between St Kilda Street and the bay, in the precinct known as the Golden Mile.

JP Dixon selling agent Nick Johnstone expects about $5 million for the one townhouse that is on the market, which is opulently decorated in Balinese style.

Mr Johnstone said the three bedroom-plus study, seven-star rated energy efficient home at # 18 is unlike anything previously offered in Brighton. It includes a polished concrete staircase with large feature landing, bluestone floor tiling, a timber lined ceiling and recycled aged blackbutt columns overlooking an internal courtyard.

The townhouse is due for completion in July.