140-142 JOLIMONT ROAD, EAST MELBOURNE
140-142 JOLIMONT ROAD, EAST MELBOURNE
CONTENTS - PAGE 2
Contents 3
Executive Summary
7
Built in 1880
10 The Location 13 The Property 15 The Opportunity 17 Sales Process
140-142 JOLIMONT ROAD, EAST MELBOURNE
Executive Summary Property 140-142 Jolimont Road, East Melbourne Location The opportunity is located in an idyllic East Melbourne location with leafy surrounds including Fitzroy Gardens, Treasury Gardens, and Yarra Park while being on the doorstep of the world-renowned MCG and sporting precinct together with the “Paris End” of the Melbourne CBD. Property Description The striking property is quintessentially East Melbourne, being a rare mansion-style freehold opportunity in an affluent suburb and tightly held precinct. The historic and magnificent boom-period Italianate-style terrace dwelling “Eblana” was originally built in circa 1880’s during the ‘Marvellous Melbourne’ period where opulence was on show and recognised in iconic architecture. The property is prominently positioned on a 510m²* land holding with a striking Jolimont Road frontage and convenient rear access from Jolimont Lane. Site Area 510m²* Zoning Commercial 1 Zone (C1Z) – City of Melbourne Planning Overlays Heritage Overlay (HO2); Design and Development Overlay (DDO22 & DDO22-A24); Parking Overlay (PO12). Sales Process Private Sale Exclusive Selling Agents Jozef Dickinson Director | Residential Jozef.Dickinson@colliers.com 0402 678 888 James Wu 武杨志杰 Executive | Development Sites James.Y.Wu@colliers.com 0423 675 777
*Denotes Approximate
EXECUTIVE SUMMARY - PAGE 4
140-142 JOLIMONT ROAD, EAST MELBOURNE
AERIAL VIEW - PAGE 6
140-142 JOLIMONT ROAD, EAST MELBOURNE
Built in 1880 Colliers International is privileged to present 140-142 Jolimont Road, East Melbourne for sale via Expressions of Interest closing Thursday 2 April at 2pm. This is an exclusive opportunity to secure a historic and significant East Melbourne asset.
From 1883 to 1889 Melbourne witnessed an extraordinary boom in real estate prices and land speculation. By 1889, the value of land in parts of central Melbourne was as high as that in London. In central Melbourne, huge sums of money were poured into opulent new office buildings, many for the building societies, land banks and mortgage companies that were driving the boom. Source: collections.museumvictoria.com.au/articles/2676
Eblana is still in immaculate condition and offers rich history and endless charm. This is a rare opportunity to acquire a beautiful piece of real estate and statement building that can re-write history and create a new chapter in the outstanding story of 140-142 Jolimont Road, East Melbourne. The unique Italianate-style terrace was the residence of Thomas Jackson, most widely known by the Young and Jackson’s hotel fame. The mansion was a twostorey residence with tiled balcony and hall, vaulted timber ceilings, leadlight windows and horse stables with access from Jolimont Lane. A single-storey extension was later added by Jackson in which he installed a billiard table. When originally completed, the property could look across the historic East Melbourne Cricket Ground, being the original home of the Essendon Football Club the small VFA competition. The view also took in the one of Thomas Jackson’s landmarks, the renowned Young and Jacksons Hotel at the corner of Swanston Street and Flinders Street.
BUILT IN 1880 - PAGE 8
140-142 JOLIMONT ROAD, EAST MELBOURNE
THE LOCATION - PAGE 10
The Location
Unique Pocket of Melbourne History East Melbourne is a tightly held residential location and it is clear to see why. The area is rich with Melbourne history. Surrounded by beautiful gardens and a stunning array of classic architecture, the rich history of East Melbourne is forever on show.
Premium Residential Location
Boutique Commercial
East Melbourne is widely regarded as one of the most affluent residential suburbs in Melbourne, rich with historical landmarks and parklands. The fundamentals of the location underpin East Melbourne as a key residential destination as it has long maintained its prestigious address due to a distinct lack of development opportunities. Being on the doorstep on the Melbourne CBD, in particular the “Paris End” provides a uniquely Melbourne lifestyle.
Such high-profile locations that benefit from all commercial fundamentals attract a occupier market that is as unique as the location itself. Ranging from professional consulting suits; boutique commercial buildings; high profile family offices or headquarters for some of Australia’s major sporting bodies, East Melbourne has the ability to cater for all occupier needs. The tightly held location does not allow many opportunities, with 140-142 Jolimont Road presenting as a rare offering to an incredible part of Melbourne.
Grey St 140-142 JOLIMONT ROAD, EAST MELBOURNE
THE LOCATION - PAGE 12
THE OLD TREASURY BUILDING
Gipps St
FITZROY GARDENS Spr
on ibiti St
George S
Simpson St
E xh
Clarendo n
t
St
St
Powlett S t
S ing
t
le S
sda
Lon
Hotham
TREASURY GARDENS
t
li
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S sell Rus
Col
t ns S
REGENT THEATRE
Wellingto n
St ers
Parade
d
Flin
JOLIMONT STATION
FEDERATION SQUARE
MELBOURNE CRICKET GROUND
YARRA PARK
RA
R YA RI R VE
QUEEN VICTORIA GARDENS
MELBOURNE & OLYPIC PARKS
MELBOURNE PARK
PUNT ROAD OVAL
140-142 JOLIMONT ROAD, EAST MELBOURNE
THE PROPERTY - PAGE 14
The Property 140-142 Jolimont Road is located in an idyllic East Melbourne location with leafy surrounds including Fitzroy Gardens, Treasury Gardens, and the Alexandra Gardens all while being on the doorstep of Yarra Park, MCG and the iconic sporting precinct of Melbourne coupled with the Paris-End of the CBD.
Street Frontage
Property
Commercial 1 Zone (C1Z)
140-142 Jolimont Road, East Melbourne Title Details Volume 01386 Folio 076 Lot 1 on title Plan 739837H. Land Area 510 m2*
*Denotes Approximate
Jolimont Road: 13.45 metres* Jolimont Lane: 13.42 metres* Depth: 37.93 metres* Zoning
Planning Overlays Heritage Overlay (HO2), Design and Development Overlay – Schedule 22 (DDO22), Design and Development Overlay – Area 22, Schedule 24 (DDO22-A24), Parking Overlay – Precinct 12 (P012)
140-142 JOLIMONT ROAD, EAST MELBOURNE
THE OPPORTUNITY - PAGE 16
Luxury Residential Redevelopment
The Opportunity Considering the vacant possession nature of the asset, the future possibilities for this iconic Italianate-style mansion at 140-142 Jolimont Road are genuinely endless. With the significant landholding, and multiple street frontages, this is an opportunity to own a piece of history in the prestigious suburb of East Melbourne.
With a medium density redevelopment allowable on the site (STCA) 140-142 Jolimont Road could soon be known as one of Melbourne’s best apartment addresses, similar to nearby projects at 150 Clarendon; Classic East Melbourne; George + Powlett and The Eastbourne.
Premium Residential Dwelling
Boutique Commercial /Mixed Use
“Eblana” is commensurate to the premium dwellings within East Melbourne and with a modernisation, would not be out of place in Melbourne’s top echelon of premium dwellings.
Considering the surrounding locality, the opportunity may exist (STCA) to reposition this iconic property into a range of bespoke uses such as office, hospitality and/or professional suites to deliver a purpose built asset for a savvy investor.
140-142 JOLIMONT ROAD, EAST MELBOURNE
Sale Process Method of Sale
Private Sale. Terms of Sale
10% deposit payable upon execution of the Contract of Sale. Settlement terms can be flexible. Inspections
Strictly via private appointment, please contact the below exclusive Selling Agents. Sales Agents Jozef Dickinson Director | Residential Jozef.Dickinson@colliers.com 0402 678 888 James Wu 武杨志杰 Executive | Development Sites James.Y.Wu@colliers.com 0423 675 777
SALES PROCESS - PAGE 18