Myer family home: First look inside Toorak’s Cranlana estate being sold by retail empire founders
The Myer family is selling is jaw-dropping Toorak estate, which could fetch up to $105m. Take the first look inside their amazing mansion.
The wealthy family behind the Myer retail empire have listed their spectacular Toorak estate with a $96m-$105m asking range that’s set to smash Melbourne records.
Named Cranlana, the mansion at 62 Clendon Rd could dwarf the city’s $80m house price benchmark set by a home on St Georges Rd, Toorak, in 2022.
The original, circa-1900 home was bought by Sidney Myer and wife Merlyn in 1903 and they remodelled it in 1921.
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Sidney opened the first Myer store in Bendigo along with his brother Elcon in 1900.
Cranlana’s listing describes it as Toorak’s largest private landholding at 1.1ha and spanning two separate titles.
It’s price tag is also believed to be the highest ever Victorian residential value listed on realestate.com.au
Beyond a high stone wall and Italianate-style wrought iron gates, the circular driveway arrives at a marble-fitted foyer.
This leads to a reception room featuring a soaring ornate ceiling, fireplace and timber floors.
Elsewhere there are a morning room, drawing room, library, formal dining room, multiple kitchens, sculleries and a ballroom with parquetry floors and a bay window.
Cranlana features a total of eight bedrooms and nine bathrooms, with a self-contained one-bedroom apartment upstairs and a housekeeper’s apartment and office on the ground level.
Four sets of French doors open to the parklike outdoor area, boasting a sunken garden with a pond and fountain, designed by noted architect Harold Desbrowe Annear.
Behind a 100-year-old wisteria hedge lies the tennis court and pool with a pool house.
“The crowning glory of this unique property is the extraordinary garden, widely believed to be the finest in the state,” the listing states.
Century-old trees and plants dot the estate, plus outbuildings such as a self-contained cottage, former stables, potting shed, gardener’s headquarters and triple garage.
In a statement, the Myer family said they believed the chance to buy Cranlana was a once-in-a-century opportunity.
Myer family Investments chairman Sidney Myer AM, grandson of the original Sidney Myer, said the “treasured home” had been a focal point for the family for generations.
“With over 100 years of family ownership, and with our 5th generation expanding, the time has come to pass the keys of our home and its magnificent garden to a new owner and custodian,” Mr Myer said.
The property will be sold via expressions of interest closing November 11 at 3pm, via Marshall White’s Marcus Chiminello.
Charter Keck Cramer’s Scott Keck, Tom Byrnes and Patrick McNulty will act as transaction advisers for the Myer family.
The Myers have also listed a second Toorak mansion which is expected to attract offers upwards of $20m.
The property, which belonged to late philanthropist and businessman Baillieu Myer and wife Sarah, is expected to attract offers upwards of $20m.
It is believed the sale will be handled by Forbes Global Properties.
— additional reporting with Nathan Mawby and Emily Dann
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Originally published as Myer family home: First look inside Toorak’s Cranlana estate being sold by retail empire founders
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