gurner penthouse
Image Supplied.
  • The penthouse was built, designed and owned by developer Tim Gurner and his wife, Aimee
  • The three-bedroom and three-and-a-half bathroom penthouse is inspired by Beverly Hills mansions
  • Expected to fetch $4.5 million

A 300sqm South Melbourne penthouse that caused a stir when it was leased out last year for $5000 a week – or $260,000 per annum – has been listed for sale.

The penthouse, owned by luxury developer Tim Gurner and his wife, is located at the sold-out and completed Albert Place Residences which has 180-degree views of both the Melbourne CBD and Albert Park Lake.

The three-bedroom and three and a half bathroom penthouse was custom designed by the Gurner founder himself along with his wife Aimee who is an interior designer by trade.

The penthouse is moodled off Beverley Hills mansions even including over $400,000 worth of book-matched Arbasacato marble slabs, commercial kitchen and scullery.

It even includes a singing and dancing Sensowash toilet. The sophisticated Japanese-bidet is worth about $40,0000.

gurner bathroom
Image Supplied

The apartment features ebony timber flooring in a herringbone style. Additionally, the living retreat boasts a custom wine joinery feature wall.

Michael Paproth of The Agency is marketing the penthouse and hoping to achieve $4.5 million, especially given many high-net-worth expatriates who are returning from overseas.

“This penthouse walks the walk. It is incomparable to anything else that’s currently on the market in terms of its finish and scale. In fact, there are very few apartments of this size in Melbourne that I would call truly high-end,” Mr Paproth said.

“Whenever we bring a Gurner penthouse or sub-penthouse to market we attract a lot of interstate and international interest because the brand is synonymous with quality.”

“At present, there are a lot of high-net-worth Australians repatriating from overseas, particularly from Asia, who have become accustomed to apartment living and are on the hunt for homes exactly like this.”

Michael Paproth, The Agency

gurner lounge
Image Supplied.

Mr Paproth also sold a 350sqm Gurner penthouse at 74 Eastern Road for $6.6 million after just 10 days on the market.

Mr Gurner himself said he originally intended to keep the penthouse long term, but has decided to capitalise on the market interest given the now sold-out penthouses art his Victoria & Vine and St Mortiz developments.

“I’ve never seen so much demand for luxury penthouse product. We sold out of our penthouses at Victoria & Vine and St Moritz months ago but this luxury three-bedroom product is still easily the most enquired about apartment type across our portfolio,” he said.

“After initially leasing the penthouse last year we thought we would strike while the iron was hot and place this property on the market and meet some of the ongoing demand.

Tim Gurner, penthouse owner and Gurner founder

“Aimee and I worked closely with Gurner’s in-house design team to create the interiors and my favourite element is probably the book-matched feature marble entrance and polished concrete walls. The property has incredible views over the city and Albert Park Lake – it really is a sanctuary in the sky.”

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