Property Development

Jacques Reymond sells former Prahran restaurant to prestige home buyer

Jacques Reymond sells former Prahran restaurant to prestige home buyer
Written by The ReReport
As seen in the Source link, written by on 2019-11-29 16:59:08

Jacques Reymond operated an eponymous restaurant at 78 Williams Road, Prahran, for 23 years until 2014.

Chef Jacques Reymond has sold the Prahran property which for decades until 2014 housed his eponymous restaurant.

Ending an era, 78 Williams Road, is trading to a prestige home buyer and will be converted to a residence.

This ends the site’s use after 28 years as a hospitality venue (after Mr Reymond vacated, it was renovated and rented to another diner, Woodland House, which has now also left).

Mr Reymond this month opened a new venue – Frederic and Fred’s bar – within a small corner retail space at 9-11 Cremorne Street, Cremorne, an area in Melbourne’s inner east sometimes dubbed ‘silicon Yarra’ because of its high-tech tenants.

Colliers International’s Ben Baines, Guy Wells and Alex Browne marketed the heritage protected property at 78 Williams Road, Prahran.

The agents declined to comment about any part of the deal.

When it was listed in September, though, it carried price hopes of more than $4 million.

Given the rear car park, the offering was expected to arouse interest from investors or owner occupiers which might consider retaining it as a restaurant or converting it into an office, childcare centre or medical complex.

Apartment builders prepared to undertake a boutique project
incorporating the main residence, were also expected to show an interest.

The site spreads 1011 square metres and is near a tram
network on nearby High Street.

Coincidentally, 78 Williams Road is identical to its neighbour (#80) – a home which sold in 2011 for $2.1 million.

The mansion was built in the 1880s as a wedding gift for the
owner’s daughter.

Share or Recommend article