Jetty Surf founder unveils South Yarra residential project with $20 million penthouse

After paying $33 million for two adjoining mansions opposite the Royal Botanic Gardens, Jetty Surf founder ‘Butch’ Sadikay is ready to replace the South Yarra parcels with very high-end apartments.

The redevelopment, which will see one mansion retained, and three new buildings constructed around it, will contain a total of 17 residences, priced from $2.99 million.

The most valuable dwellings – three full-floor apartments to be constructed at 22-30 Anderson Street (images, top) – carry price tags of up to $20 million.

A Marcus Martin designed mansion will be reconfigured as four dwellings.

Each with three bedrooms and several car parks, the Rob Mills designed dwellings offer unobstructed view lines over the gardens to the Melbourne CBD, about five kilometres away.

Mr Sadikay is also planning as part of The Botanic Collection project, to:

• refit a historic mansion, Martin House, at 216-218 Domain Road, with four apartments;

• construct two buildings – one called Garden Lane, beside Martin House, and another at 25-29 Kurneh Place – the latter which will replace a former multi-car garage;

• employ landscaper Jack Merlo for the public and private gardens and courtyards.

Garden Place

Mr Sadikay made headlines when in 2017 he paid the estate of Marion Page (formerly Marion Ome McPherson) more than twice the advertised guide price for the South Yarra holding.

The 2655 square metre L-shaped property had been held for more than 50 years by members of the McPherson family.

Businessman Sir Clive McPherson, who died in 1958, held senior positions with Younghusband Limited, the Australian Wheat Board and both the Commonwealth Bank and National Australia Bank.

The site sits within South Yarra’s Botanic precinct – an area which agents say competes with Albert Park and East Melbourne as the city’s most valuable, when measured by per square metre of land.

Marne, Walsh and Millswyn streets are amongst the most revered rows in South Yarra’s Botanic precinct.

The family home of esteemed architect Robin Boyd, now controlled by the Robin Boyd Foundation, a division of the National Trust, is at nearby 290 Walsh Street.

Artist’s impression of a living area within 30 Anderson Street.

Kay & Burton’s Damon Krongold and Peter Kudelka are marketing the proposed apartments for Mr Sadikay.

“The collection of four low-rise buildings demonstrates an empathy for the adjoining elegant streetscape,” Mr Krongold said. “Garden Lane is a study of modernism, landscape and space showcasing floor to ceiling windows invinting an abundance of natural light and life into each single residence”.

“Martin House is a modern interpretation of timeless luxury surrounded by lush gardens with added distinction of the stunning fully restored 1930s Marcus Martin designed façade”.

Garden Lane and Martin House are designed by Powell & Glenn’s Ed Glenn.

25-29 Kurneh Place

“The remaining buildings within the collection, Rob Mills designed Thirty Anderson and Kurneh Place represent a bold yet discrete articulation of the renowned architect’s romance with concrete and curvature design, housing three and seven stunning single level residences respectively,” Mr Krongold said.

The new dwellings are due for completion in early 2021.

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Marc Pallisco

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of

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