A Camberwell apartment block developed in 1939 by Eric Humphries, the father of comedian Barry, is for sale.
Rotherwood at 570 Riversdale Road is expected to trade for more than $9.1 million.
On a 2025 square metre General Residential 3 zoned site, a substantial part of the property offers immediate development upside including a tract which previously accommodated a tennis court.
Any incoming owner could also consider razing the art deco building, with nine unrenovated two-bedroom apartments, for a bigger more efficient project over an underground car park.
Woodards’ Caroline Hammill is marketing Rotherwood for Humphries siblings; Barry is not one of the vendors though he did once own part of the investment.
Eric was a prominent local developer, responsible for nearly two dozen dwellings in the nearby Golf Links Estate, including a former family home at 36 Christowel Street (story continues below).
Earlier today we reported a Chinese apartment developer paid $7.5m for a 1592 sqm block at nearby 336-338 Riversdale Rd, Hawthorn East.
Three weeks ago, another Asia-backed builder outlaid $9.7m for a 1698 sqm parcel in the street, at Hawthorn, offered permit-ready for 31 dwellings.
Also last month, Hacer and Time & Place outlaid c$25m for an ex-Le Pine funeral home on 2090 sqm at the corner of Burke Rd and Victoria St, Camberwell, not far from Rotherwood.
That property, on a Commercial 1 zoned holding which is the Hawthorn East border, was offered with plans for a seven level complex containing apartments, offices and shops.
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