Former Finishing School for Ladies on the Market – realestatesource https://www.realestatesource.com.au Commercial and residential property news Tue, 12 Aug 2008 14:00:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Former Finishing School for Ladies on the Market – realestatesource https://www.realestatesource.com.au 32 32 Former Finishing School for Ladies on the Market https://www.realestatesource.com.au/former-finishing-school-for-ladies-on-the-market/ Tue, 12 Aug 2008 14:00:14 +0000 http://realestatesource.com.au/wordpress/former-finishing-school-for-ladies-on-the-market.html An East Melbourne former finishing school, used to transform 19th-century "ladettes" into ladies, is on the market.

]]> The former Miss Ainslie’s School for Young Ladies at 101 Powlett Street is Melbourne’s own version of Eggleston Hall, from the reality TV show Ladette to Lady. It taught tea-cup-holding and leg-crossing etiquette from 1874 to 1896, before being turned into a pub.

The Presbyterian Church bought the property in 1956 and added a large annex to the southern side for residents.

The renamed Magnolia Court is now an investment property, leased to the owners of a 26-room boutique hotel. Lachlan Castran of John H. Castran is selling the property with Mulcahy & Co, and said a prospective buyer intended to restore it into a private home.

Mr Castran said the property would appeal to investors, as the existing tenants have a long lease. Magnolia Court is on a 917-square-metre block and is expected to sell for about $5.5million.

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