Village Roadshow chief sells Armadale home
Clark Kirby, who this year replaced Graham Burke as Village Roadshow chief executive, with his wife Sara, a former television presenter, have sold one of Melbourne’s most valuable warehouse converted homes – in Armadale.
The speculated $17.25 million deal for the 1915 Golden Crust Bakery at 69 Sutherland Road is the suburb’s highest this year.
Marshall White’s Marcus Chiminello and Nicole French launched an expressions of interest campaign in mid-October.
Recent ownership
The Kirbys paid Rivet Group chief executive Mark Rowsthorn and his former wife, Allison Gibson, $11.5m for 69 Sutherland Rd in 2014.
Those vendors carried out the extension and renovation between 2006 and 2009.
Architect Jackson Clements Burrows designed it (story continues below).
Mr Rowsthorn and Ms Gibson purchased the property, on 1850 sqm, for $4.55m– reportedly saving it from demolition.
Those sellers, antique dealers Edward and Peta Clark, part occupied the bakery as a gallery.
Armadale and records
The suburb’s highest priced residential deal occurred last year when ex-Macquarie Capital head Robin Bishop paid $23.9m for 2 Kelmscott Rd; the businessman holds neighbouring sites (including a block of flats at 15A Moorhouse Street), expected to be amalgamated as part of a renovation.
The previous Armadale record was set in 2006 when David Cramond offloaded 10 Flete Avenue, for $13.75m.
That businessman paid Yooralla Society of Victoria $7m for the mansion in 2001 then subdivided a portion of land, sold separately for $2m.
