Computershare co-founder, billionaire, Chris Morris, has sold his opulently renovated Art Deco mansion, in Middle Park, for an undisclosed sum believed to be in the vicinity of between $12 million and $13 million.
The property sits on a 927 square metre block at 223 Beaconsfield Parade – the waterfront row considered one of Melbourne’s most valuable, based on land rates.
It is selling to an as-yet-undisclosed buyer.
Mr Morris converted the home from what was formerly a block of flats.
Designed by Chamberlain Javens Architects, and with interiors by Kerry Phelan Design Office, the property contains a main dwelling, rising three storeys, and with four bedrooms, five bathrooms and formal and informal living and dining areas.
A separate self-contained apartment, offering another bedroom, sits a top a four-car garage, accessed from Ashworth Street at the rear
However of the top-end Melbourne market, Mr Armstrong said there has been a noticeable shift in sentiment since the federal election at time of year which is traditionally quiet for larger transactions.
“Over the past four weeks, several deals in blue-ribbon suburbs including Armadale and Toorak worth more than $9 million have been sealed, mostly off-market,” Mr Armstrong said, without elaborating the addresses.
“We also have a number of properties currently under offer in excess of $5 million across all parts of Melbourne – anyone with a long term view is capitalising on current conditions.”
The broker added that demand is coming from local buyers who have “regained their confidence” in recent weeks, as well as offshore, with enquiry “picking up from Hong Kong in particular given events unfolding in the region”.
“There is really good activity off market – we’re representing a growing number of vendors at the top end wanting a quieter more considered path to a sale; which also suits a lot of buyers….we anticipate this will continue to be the trend for the next little while”.
Last week, we reported that a 4257 sqm block of land at 16 St Georges Road, Toorak – the street considered with the suburb’s Albany Road, to be Melbourne’s most exclusive – was for sale at between $40 million and $44 million.