This was published 6 months ago
Inside Harold Mitchell’s luxury Melbourne apartment, yours for $6.25m
His memoir was called Living Large, and now someone new can make his living arrangements their own.
The Melbourne apartment of the late advertising industry giant Harold Mitchell is for sale with a price guide of $5.75 million to $6.25 million.
Mitchell died aged 81 in February from complications due to knee surgery, in a shock to those close to him. He was remembered for his leadership in the media industry and his philanthropic endeavours.
Now his Park Tower penthouse on Spring Street in the CBD has hit the market, offering buyers the 11th floor of the building and half of the 10th.
Public records show the property is owned by a corporate entity whose sole shareholder is Mitchell. The listing was first reported by the Australian Financial Review.
Kay & Burton selling agent Monique Depierre declined to comment on the owner, but said the residence offered more than 500 square metres of living space, including a whole-floor home plus a one-bedroom apartment with a separate entrance that would suit a guest or a young adult. A private lift joins the two.
She highlighted the views over the city, Parliament Gardens, St Patrick’s Cathedral and the state parliament building, and over heritage buildings in the west, which means views from that side are also protected.
“It is an incredibly unique offering,” Depierre said. “I don’t know of another offering like it anywhere on Spring Street or in the CBD.”
She said the home would suit an empty nester moving out of a family home but still looking for spacious accommodation, a professional, an expat or a family.
Depierre said the four-bedroom home had been used for entertaining, functions and business meetings.
It also features French-inspired interiors; a marble and mirrored bar; a marble and Miele kitchen; a study; parking for four cars; and access to Park Tower’s private function room.
Melbourne’s prestige apartment market had been tracking well with a handful of recent sales along Spring Street, Depierre said.
“There is definitely good activity in that market, in the prestige end of the market,” she said.
Mitchell founded what became Australia’s largest media buying agency, Mitchell & Partners, in 1976. In 2010, he sold it to British media company Aegis for $363 million. He became chairman of Aegis Media in Asia Pacific, before Japanese advertising giant Dentsu bought the British company in 2013.
He was awarded a Companion of the Order of Australia in 2010 for his leadership and philanthropic endeavours in the arts, health and education, as well as his support of East Timor and Indigenous communities.
Mitchell was farewelled at a state memorial service last month attended by a 500-strong crowd including Premier Jacinta Allan; former premiers Daniel Andrews, Jeff Kennett and Steve Bracks; transport magnate Lindsay Fox; Lord Mayor Sally Capp; Eddie McGuire; and former AFL chief executive Andrew Demetriou.