ABC’s Slice of Rippon Lea Estate, Elsternwick, Expected to Sell For More than $25 Million

Moneys raised from the sales will fund the development of a new $90 million studio at 102 Sturt Street in Southbank, Mr Moore said. The Sturt Street development, which would be next door to an existing ABC office at 120 Southbank Boulevard, is subject to parliamentary approval, but expected to occur.
 
Sources estimate the value of ABC’s outgoing Gordon Street office to be about $25 million.
 
They say the land could make way for an apartment complex, similar to that being proposed around the Stonington mansion in Malvern, or a lower density subdivision, as occurred behind Canterbury’s Frognall mansion in the early 1990s.
 
At close to a hectare, the site could also make way for several apartment towers offering Port Phillip and CBD views, over Rippon Lea’s established gardens.
 
ABC offices and studios were developed on part of the Rippon Lea estate, prior to the opening of the 1956 Melbourne Olympic Games. Popular television shows including Countdown, The Big Gig and The Late Show were later recorded at what is known as the “Rippon Lea studio”.
 
The land occupied by the ABC is not on the Victorian Heritage Register, but a Heritage Victoria spokeswoman said the ABC could still return the land to the estate, if it wanted. The imposing Rippon Lea property is managed by the National Trust, and open to the public.
 

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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