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"The Board Room Residence" at Port Authority Building Set to Dazzle Melbourne's Elite

Jess Freeman • 20/09/2023

Boardroom-Residence

Melbourne's most opulent CBD family office and luxury residence, "The Board Room Residence," is poised to make a grand entrance into the market as demand from local and offshore high net worth individuals increases.

This unparalleled offering, described as "a one-of-a-kind Family Office," is situated in the heart of Melbourne's bustling CBD, and epitomises exclusivity and luxury, reminiscent of the world's most prestigious private clubs.

Just steps away from the renowned W Hotel and the iconic CBUS 447 Collins Street development, "The Board Room Residence" is positioned at the epicentre of Melbourne's luxury lifestyle and in one of Melbourne’s most significant historical buildings.

The three-bedroom, two-bathroom accommodation at 101/29-31 Market Street, features two bedrooms with silk faced wardrobes and marble ensuites, one with a freestanding bath. The interiors were renovated by SJB Interiors, led by head designer Ljiljana Gazevic and the impressive Board Room space is a flagship for entertaining with a marble kitchen, ethanol fireplace and moveable bar balancing the classical architecture. There is a second kitchen which hosts a study and sitting room and the apartment also comes with secure parking for 2.5 cars.

With a guide price of $8 million, Oliver Hay, Anthony Kirwan and George Davies of Cushman & Wakefield are selling the asset on behalf of a retired hedge fund manager who spent decades overseas in various financial markets.

Oliver Hay, Cushman & Wakefield’s International Director & Co-Head Investment Sales, VIC believes this remarkable residence offers a unique and truly international living experience that rivals the finest homes in cities like New York and Paris.

“It caters to discerning high net worth families within Australia, who appreciate the epitome of luxury living. Furthermore, it extends a warm invitation to expatriates based in global financial hubs such as New York, London, Singapore, and Hong Kong, beckoning them to own a piece of Melbourne's luxury.”

Anthony Kirwan, Cushman & Wakefield’s Associate Director Investment Sales, VIC said “This is an exceptional opportunity to own a piece of Melbourne's history while indulging in the ultimate luxury living experience”.

“The residence has served as a world-class venue for discerning soirees and has hosted many private events over the years, attended by some of Melbourne’s most well-known identities from politicians, musicians, restauranteurs, entrepreneurs, athletes, businessmen and women all celebrating passions including opera, classical music and Burgundy wine”.

The Port Authority Boardroom residence is for sale with Cushman & Wakefield in conjunction with Kay & Burton and Advise Transact.

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