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Reiths buy off the plan

Former Liberal minister Peter Reith and wife Kerrie have bought off the plan in Melbourne’s Brighton.

Riverview has a $10m price tag.
Riverview has a $10m price tag.

Former Liberal minister Peter Reith and wife Kerrie have bought off the plan in Melbourne’s Brighton. They’ve secured an apartment in the soon to be built Amano development on Well Street, slated for completion next year. The Reiths recently sold Trenavin, their farm in Stonyford, for $700,000. Amana, which means ‘‘by hand’’ in Italian, has been designed by Rigney Scerri Architects. It comprises five apartments. Marshall White Projects now have just three apartments remaining. Reith represented the electorate of Flinders for the Liberal Party from 1984 to 2001 and was the party’s deputy leader for three years.

New agent for Riverview

A new agency is trying to sell Riverview, the Sovereign Islands castle, as it ticks into its fifth year on the market. The luxury Knightsbridge Parade West home was first listed in 2015. It last traded for $5.235m in 2013 when it was bought by John Corbett from Ron and Mollie Litherland, who had bought the 1460sq m site for $3.75m in 2007. It became something of a tourist attraction, having been inspired by the TV show Midsomer Murders. Bespoke International Realty agents James Drake and Patrick Spencer have been called in, alongside Ray White’s Edin Kara and Ali Mian. The new agents have a $10m tag on it, while Kara and Mian had $9.88m guidance. The Litherlands said the home had a replacement cost of $8m. They initially sought $20m in 2010 following its completion. The home has a rooftop terrace, games room, gym and library. There’s also a lap pool overlooking the water.

Big bikkies for bakery

The former Golden Crust bakery in Armadale has been sold by the Village Roadshow boss Clark Kirby and his wife Sara. It came with a guide of $17.3m to $19m. Logistics company entrepreneur Mark Rowsthorn sold it to the Kirbys for $11.5m in 2014. In 2006 Rowsthorn paid $4.5m for the property and in 2010 the architecture firm Jackson Clements Burrows converted the 1915 property into a five-bedroom home. It still bears the original bakery signage on its brick exterior. A wet edge pool and spa sit in the 1850sq m landscaped grounds.

Toorak treasures sold

Palmilla, the Toorak home of the retired chair of ad agency DDB, John Ziegler and wife Lisa, has sold. It is suggested it fell just short of price hopes of $23m-plus. The Heyington Place home, commissioned in the 1930s by the Shelmerdine family, had been offered in spring last year with a guide of $27m to $29.5. The Zeiglers paid $3.4m back in 2002. The six bedroom, five bathroom home comes with basement garaging for over 10 cars that doubles up as entertainment space with a bar. Carmyle, the grand Toorak trophy home that was among the earliest in the suburb, has also been sold for around $13.5m. It was listed by the Gunter family, who have owned it since 1969. The 23-room Victorian Italianate manor was designed by Francis Maloney White in the late 1870s for Scottish pastoralist Archibald Fisken.

Jonathan Chancellor
Jonathan ChancellorProperty Writer

Jonathan Chancellor is a senior property writer for The Australian's Business Review section. He has been a journalist since the early 1980s in Melbourne and Sydney, and specialises in reporting on the residential property market. Jonathan also writes for the Daily and Sunday Telegraph.

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Original URL: https://www.theaustralian.com.au/business/property/reiths-buy-off-the-plan/news-story/eff4fa9fca8f391f3f8b1d10f39812cd