Village Roadshow chief Clark Kirby and wife Sara sell historic 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 unique warehouse converted homes – in Armadale.

The speculated $17 million-plus deal for the 1915 Golden Crust Bakery at 69 Sutherland Road sets a record for the suburb this year.

Marshall White’s Marcus Chiminello and Nicole French launched an expressions of interest campaign for the dwelling in mid-October.

It carried a price guide of between $17.6-$19 million.

Rivet Group chief executive Mark Rowsthorn renovated and extended the former Golden Crust Bakery before selling it to Clark and Sara Kirby for $11.5 million in 2014.

Only marked as trading this weekend, we will aim to firm up the value in coming days.

The vendors paid Rivet Group chief executive Mark Rowsthorn and his former wife, Allison Gibson, $11.5 million, for 69 Sutherland Road, in 2014.

Mr Rowsthorn and Ms Gibson carried out the opulent renovation and extension of the property between 2006 and 2009.

Architect Jackson Clements Burrows has a feature page about its works on its website, here.

Mr Rowsthorn and Ms Gibson picked up the Armadale property, on 1850 sqm of land, for $4.55 million – reportedly saving it from demolition.

The vendors in that instance, antique dealers Edward and Peta Clark, occupied the ex-Golden Crust Bakery as a home and gallery.

Highest priced Armadale deal this year

The highest priced residential property deal in Armadale took place last year when 2 Kelmscott Road sold for $23.9 million.

The previous suburb record was set in 2006 when businessman David Cramond sold 10 Flete Avenue, for $13.75 million.

Mr Cramond paid Yooralla Society of Victoria $7 million for the mansion in 2001 – subdividing off a portion of land he sold separately, for $2 million.

Clark Kirby this year took over as chief executive of the Village Roadshow company his family has been connected to for generations.
Original paintwork identifying 69 Sutherland Road as the Golden Crust Bakery.
A lounge area, landing and outdoor courtyard.
The informal lounge room, with meals area and kitchen, behind.
A wing of the house is configured as a study overlooking a zen garden.
No tennis court but the 1850 square metre block contains an enormous garden and pool.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco