Brighton’s landmark Kinane is for sale – the 3200 square metre holding being targeted to prestige residential buyers and apartment developers.
Built in 1988 by construction magnate Max Beck as his family home, and dubbed Brighton Town Hall given its presence, it is expecting $16-$17.5 million.
The land rate per square metre on a deal in that range is $5000-$5470.
The parcel could allow for a three-floor structure over a multi-level basement.
North facing units in any proposed redevelopment would enjoy postcard views over Dendy Street Beach, with its bathing boxes, to the Melbourne CBD, 12 kilometres away.
Kinane currently contains a triple storey home, tennis court, two swimming pools and gardens.
About eight years ago, former owners of Kinane, businessman Russell Small and his wife Belinda Ding, tried to offload an 825 sqm piece; it had the address: 92 Esplanade.
When that deal didn’t eventuate, the site sold to its current owners between 2013.
Marshall White’s Simone Howell and Andrew Campbell with Sutherland Farrelly’s Grant Sutherland and Paul Farrelly marketed it this time around. (story continues below).
End could be near for Brighton’s landmark Kinane mansion
Renowned for its size and Canary Island Palms, and for years rendered light pink, Kinane briefly hit the market in late 2018 with an asking price of $20m; a buyers’ advocate noting the home ‘needed to be loved again’.
It made headlines only months earlier when it was revealed ownership had been transferred to Violetta Esposito, the partner of Antonio ‘Tony’ Esposito, who’s National Dairy Products business had just collapsed.
Mr Esposito spent $14.6m for the Brighton properties seven years ago.
From 2007, it was owned by Mr Small and Ms Ding – who set a Brighton record price when they bought it.
The mansion includes five bedrooms, four living rooms, two dining areas, a bar, study, library, gym, cinema, cellar, indoor and outdoor kitchens and nine-car garage.
A large lounge called ‘The Kinane Room’ occupies the northern wing of the ground floor and is fit out with wood panelled walls and a marble floor.