Blue ribbon Melbourne pile listed with controversial permit
An 1880s home on a double corner block in Malvern’s exclusive Claremont Avenue precinct, which has a heritage overlay, has been listed for sale, months after the Victorian Civil and Administrative Tribunal approved it be replaced with apartments.
Third Street director David Joachim is the vendor – the 2453 square metre holding, 204-208 Wattletree Road, is expected to sell for more than $13 million.
He paid $4.05m in 2013.
The heritage overlay was then removed, allowing Carr Architects to pen a four storey complex with 18 “house sized’ dwellings over basement car parking (artist’s impression, top).
VCAT approved the development, at the south west corner of Staniland Avenue, mid-last year. It will also replace a tennis court.
Cushman & Wakefield’s Daniel Wolman, Leon Ma and Joe Kairouz – the latter, this quarter one of three senior executives to quit Colliers after a mass exodus last year – are the agents.
Big units planned
While the dwelling at 204-208 Wattletree Rd was developed in the 1880s, it was extensively refurbished in the 1930s; according to a City of Stonnington planning report, there are no visible elements of the original house.
The bulk of the proposed apartments – 15 – will contain three bedrooms, with internal areas between 129-219 sqm (story continues below).
Half these units will measure at least 180 sqm.
Two flats will contain two bedrooms, between 124 and 129 sqm.
There is also a 59 sqm single bedroom apartment.
Buyers of three bedroom units in recent local projects pay over $20,000 per sqm.
A four bedroom, four bathroom penthouse at Urban DC and GLAG Developments’ Heirloom, at 1167-1193 High St, Armadale, achieved over $50,000, by comparison.
The 204-208 Wattletree Rd block is almost diagonally adjacent to Cabrini Hospital, walking distance to the Glenferrie Rd retail stirp.
Malvern is eight kilometres south east of Melbourne’s CBD.
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