Smorgon abandons Toorak apartments, lists land

A Toorak apartment proposal the features of a six-star hotel, including a live-in concierge, has been abandoned.

Businessman Rodney Smorgon has quietly listed the site which would have made way for the project – 4 Trawalla Avenue – this week.

The land had been earmarked for Trawalla, with six apartments up to 948 square metres in size, and priced between $5-$14 million.

The site cost $8.62m in 2007; it previously accommodated a historic home and tennis court.

It is now being offered as two tracts – and expected to sell for a total of about $10m.

TMB’s Rodney Morley takes them to auction on April 17.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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