Jetty Surf founder unveils $20m South Yarra penthouse
After paying $33 million for two adjoining mansions opposite the Royal Botanic Gardens, Jetty Surf founder ‘Butch’ Sadikay is ready to replace the holding with very high-end apartments.
The South Yarra redevelopment, which will see one home retained, and three new builds around it, will contain a total of 17 dwellings.
The most affordable comes in at $2.99m.
At the other extreme, three full-floor apartments in a Rob Mills designed complex at 22-30 Anderson Street carry price tags up to $20m for the penthouse.
As part of the project, branded The Botanic Collection, Mr Sadikay is also planning 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 public and private gardens and courtyards.
Mr Sadikay paid the estate of Marion Page (formerly Marion Ome McPherson) more than twice the advertised guide for the 2665 square metre, L-shaping holding making way for the project.
Held for 50 years, it was once occupied by Sir Clive McPherson, who held senior positions with Younghusband Limited, the Australian Wheatboard, Commonwealth Bank and National Australia Bank.
The replacement project is due for completion in early 2021 (story continues below).
Blue ribbon belt
The Botanic Collection is in the Botanic precinct – considered with Albert Park and East Melbourne to have the city’s highest valued residential land.
Marne, Walsh and Millswyn streets are amongst South Yarra’s most revered rows.
The family home of esteemed architect Robin Boyd, now controlled by the Robin Boyd Foundation, a division of the National Trust, is in this pocket.
Kay & Burton’s Damon Krongold and Peter Kudelka are representing 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,” he added.
“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”.
Both are designed by Powell & Glenn’s Ed Glenn.
“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,” according to the agent.
