A massive reduction of up to $1m for a three-storey penthouse in a landmark Collingwood former brewery is set to get buyers frothing.
The “amazing” apartment at 601A/2 Mansard Lane in the historic Yorkshire Brewery was restored as part of a $220 million development by SMA Projects.
The property boasts a dedicated study area and powder room in the entry level, three bedrooms with ensuites, European oak timber flooring, lift access and two car spaces.
Yorkshire Property Collingwood director Patrick Coy said the 19th century mansard roof in French “Second Empire” architectural style, standing 34m-high, made the property Melbourne’s tallest building during the late 1880s.
Mr Coy said the penthouse’s spiralling staircase was positioned within a “void” measuring about 70 feet (21.336m) tall leading upwards to the bedrooms.
“I think the whole fit-out is absolutely amazing, as you walk in you have the amazing high ceilings and large space,” Mr Coy said.
The apartment’s interior was “painstakingly restored” across about 12 months with some materials shipped from overseas, in a project led by Kate Roach Architecture and Design.
Mr Coy said the heritage-listed “iconic property” had walls seven bricks thick.
“It is a property that has got a story to tell,” he said.
“It was owned by a father and son, the father made beer and the son was the architect.”
According to the Victorian Heritage Database, the Yorkshire Brewery was established in 1858 by John Wood.
His son, James, designed the present building in 1875 and its foundation stone was laid the following year.
Carlton and United bought the brewery in 1909 and it was later acquired to become an apartment complex.
Mr Coy said the developer listed the penthouse with a $2.75m-$2.95m price guide in 2021.
The home did not sell and was rented out for $1300 per week before Yorkshire Property took over the listing.
The apartment is now for sale with 1.79m-$1.95 price hopes, a $960,000-$1m reduction on the previous asking range.
“We have had a fair bit of interest, we have had a few buyers phone from interstate, some are others looking to rent it out as investors and others to move into,” Mr Coy said.
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