Real Estate

five level conversion hits south yarra market

Written by The ReReport

Warehouse-style living south of the Yarra.

A RARE slice of New York style is up for grabs in South Yarra, with a multi-level conversion listed for sale.
Soaring across five floors, the property at 8 Penny Lane is on the market with a price guide of $4.5 million-$4.95 million.
A striking glass-walled lift, lavish proportions, and balcony with hot tub and views of the South Yarra skyline are among its highlights.

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8 Penny Lane, South YarraAll class.

8 Penny Lane, South YarraThe windows bring warehouse chic to the elegant pad.

8 Penny Lane, South YarraA formal lounge room is among the zones.

Marshall White director Andrew Hayne said the “unique” home was a standout in the area.
“I haven’t seen anything like it over my years,” he said. “It’s five levels serviced with a lift, ensuited bedrooms, great living zones, a private courtyard and cosmopolitan location — it’s got the lot.”
Mr Hane said the building offered about 370sq m of interior space, and had been converted close to 10 years ago. The current owner renovated the property and added another level.
A fireside living and dining zone is on the second floor, alongside a kitchen with marble breakfast servery.

8 Penny Lane, South YarraFive floors of lofty living.

8 Penny Lane, South YarraThe bedrooms have space for a home office.

The main bedroom with marble ensuite occupies the third level, while the top floor houses an entertaining room with kitchen, bar and gas fireplace, and access to a north-facing deck with hot tub and barbecue.
The property had already generated good inquiry within a couple of days of hitting the market, Mr Hane said.
Expressions of interest close on November 14.

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