Melbourne sees demand for luxury property on the up IMAGE supplied
Melbourne sees demand for luxury property on the up IMAGE Gurner
  • Tim and Aimee Gurner have listed their personal luxury residence at St Moritz for est $15M.
  • 239 Collins Street has had one private owner for more than 30 years, and is now for sale.
  • Templestowe will soon have it's first luxury apartment development, at 27 - 29 Serpells Road.

Experts cite the return of luxury retail tenants to the Melbourne CBD, as well as the resurgence of tourism for the returned interest of domestic and international high net worth private investors to the luxury residential and commercial property sectors, as these three opportunities demonstrate.

Saint Moritz wellness home up for circa $15M.

Tim and Aimee Gurner, of high end GURNER™ Group, are selling their private residence at the developer’s own exclusive Saint Moritz project for circa $15M.

The couple’s luxury home is one of few properties to sit directly facing the bay, offering floor-to-ceiling water views.

Their 500sqm luxury, two-storey, four-bedroom “wellness” residence is accessed via a private lift, and glows with soaring six metre high ceilings.

The property offers five bathrooms and a six-car garage and has been customised and designed personally by the couple. Aimee is an interior designer, and they worked in consultation with the in-house GURNER™ design team.

The home boasts finishings that include:

  • Over $500,000 worth of Italian stone and marble throughout,
  • Custom designed helical staircase which cost $500,000 to install,
  • A master suite occupying almost the entire top storey, with a custom $120,000 sauna in the grand ensuite, and
  • A rare 6-metre double-height void framing the kitchen, living and dining zones.

The illustrious development is considered one of the most desirable and exclusive residential locations in Australia with priceless views of the St Kilda foreshore and an unprecedented dedication to private amenity and wellness facilities. The building is now home to Australia’s business, sporting and social elite.

Within the home is an exclusive selection of furniture, handpicked by Tim and Aimee, from luxury overseas brands including B&B ITALIA, MAXALTO and Louis Poulsen, complemented by bespoke pieces locally produced by Australian artisans and manufacturers. The furniture is worth a combined total of over $500,000 and is available for select buyers.

Prime bluechip retail investment in the heart of Collins Street

Colliers agents Matt Stagg and Tim McIntosh have been appointed to bring a prime bluechip retail investment in the heart of Collins Street to market. The property is fully leased to five high quality retail and healthcare tenancies, anchored by OPSM, and expected to attract interest above $25 million.

239 Collins Street has had one private owner for more than 30 years. IMAGE provided
239 Collins Street has had one private owner for more than 30 years. IMAGE provided

Matt Stagg said the property benefits from high pedestrian exposure being situated at the epicentre of the financial and luxury retail precinct.

Mr Stagg said, “The property benefits from dual street frontages to Collins Street and Manchester Lane, with Manchester Lane set to gain even more exposure, acting as a cosmopolitan CBD thoroughfare linking Collins Street to the new Town Hall Train Station entrance, scheduled for completion 2025,”

Mr McIntosh said, “The property is expected to generate strong interest from domestic and international high net worth private investors seeking a bluechip investment on Collins Street, renowned as Melbourne’s most prestigious and sought after street by both luxury retail tenants and investors.”

Mr Stagg added, “Collins Street properties are very tightly held and viewed as intergenerational investments by high net worth families and investors. 239 Collins Street has been owned by one private owner and has not traded in more than 30 years.”

Supporting retail investment

Supporting the future opportunity of retail investment, such as 239 Collins Street, is the continued growth of the retail sector in Australia’s CBDs.

Colliers’ Associate Director of Research Nik Potter explained, “The volume of retail activity in our CBDs has bounced back, and with a continued concerted effort from both governments and businesses to reactivate our nation’s CBDs, we expect the full recovery to occur in 2023.

“The return of International tourism, which is currently close to 70 per cent of pre-pandemic levels, is also supporting the retail recovery in our CBDs,” Mr Potter concluded.

239 Collins Street is offered for sale via International Expressions of Interest campaign closing at 12pm (AEST), Thursday 30th March 2023.

Construction commences at Templestowe’s luxury apartment development

Construction commenced this month on Templestowe’s first luxury apartment development, Serpells Place, at 27 – 29 Serpells Road, Templestowe, with the award-winning team behind the project appointing Melbourne builder FOURSQ.

Templestowe’s first luxury apartment development, Serpells Place IMAGE provided
Templestowe’s first luxury apartment development, Serpells Place IMAGE provided

The development comprises 20 house-sized apartments including two penthouses, and brings luxury apartment living to this previously unheralded suburb. To date, the project has been incredibly well received, with one of its two penthouses breaking suburb records.

The build will bring to life award winning KUD Architects four-level design, taking advantage of the site’s slope and stunning northern vistas, which incorporates fluid structural curves, timber floors, porcelain tiles, natural stone, and integrated fireplaces.

Aiming to blur the lines between inside and out, soaring glazed windows provide seamless outlooks to the landscaping and natural surroundings, giving residents the feeling of being wholly immersed in nature.

Pontem Group Director Fil Gacesa said, “Many properties in Templestowe are sitting on acreage, and as many of our buyers are from this area, they’re not willing to compromise on the illusion of space. That’s why the oversized residences with luscious green views, spacious courtyards and soaring windows are so important to this development, as it truly sets it apart.

“With Serpells Place, like most other developments in Australia, we are bringing a project to life in challenging conditions in terms of construction costs, labour shortages and supplier delays. We are excited to be able to bring luxury apartment living to Templestowe with a confident completion date in 2024,” said Fil.

On its recent appointment, FOURSQ’s Director James Hayter said the team is eager to bring its multi-residential prowess to Templestowe.

“We’ve completed a multitude of similar projects around Glen Iris, Hawthorn, and Balwyn, and look forward to bringing Templestowe’s first luxury apartment project to life,” he said.

The heart of each home features a larger than usual entertainer’s dream-like kitchen with a striking island bench, adorned in an elegant and durable grey marble, complete with V-ZUG appliances and sophisticated tapware.

Residents will also have access to tranquil garden retreats designed by John Patrick including ground floor courtyards and spacious terraces, providing an idyllic backdrop for outdoor entertaining and pleasant, private relaxation. According to Sales Agency Pontem Group, features such as this are acting as a major drawcard for buyers to date.

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