Historic St Kilda mansion Stanthorpe expected to fetch more than $6.5 million
One of St Kilda’s most important properties Stanthorpe is on the market and is tipped to fetch more than $6.5 million.
The heritage-registered building sits on top of St Kilda Hill on Barkley Street and has been fully restored and modernised inside.
CBRE Melbourne’s Mark Wizel, who is selling the property along with Bianca Butterworth, Lewis Tong, Nathan Mufale and Thomas Mosca, says it is a rare opportunity for buyers.
The property has 800 square metres of internal space including 12 offices. Photo: Supplied
“This is one of the last remaining historic mansions in St Kilda that has the flexibility to revert to a private residence or be utilised as a corporate headquarters or office, with space for over 75 staff,” Mr Wizel said.
The mansion was built in 1874 as the private residence for merchant Alexander Sutherland. In the 19th century it also played host to a range of high-profile Melburnians, including as the rented premises of Victorian state MP Jonas Levien from 1886-89.
Stanthorpe is located next door to a church, and in 1919 was sold to the Presbyterian Church for £3500.
It remained under the church’s control for the next 80 years, and was converted into a manse and church officer’s flat in 1956, before being sold to private developers in 1999.
Since then, it has been renovated and serves as a commercial office space. It is currently owned by a private family.
The boardroom in the 1874 building. Photo: Supplied
The building is an “outstanding example of the classic revival townhouse once common” in St Kilda, and features towering ceilings and intricate decorations.
The Ascent, a 14-storey block of 82 apartments, was recently constructed behind it.
The mansion sits on a 1814-square-metre block with 31 metres of street frontage and comes with parking space for more than 25 cars.
The building has 800 square metres of internal space and features 12 large offices across two floors, along with a boardroom, reception, large courtyard and living area.
The property could be converted to residential use. Photo: Supplied
Mr Wizel said it could be used for a wide range of purposes, including an organisational headquarters, legal or medical offices, or residential.
“The property has great appeal and we expect interest from entrepreneurs, medical, hospitality operators and residential buyers,” he said.
“The property offers significant value-add angles and an opportunity to secure a premises on the fringe of the St Kilda Road office precinct.”
In 2010, Mr Wizel and Mr Tong sold another mansion in St Kilda, Airlie, for $7 million to a Chinese developer LYZ Group.
