South Yarra mansion tipped to fetch $25 million

One of South Yarra’s finest homes is set to sell in the next couple of days.

The Italianate Victorian home on Domain Road, set in Paul Bangay gardens, was built by the Henty family. It was once owned by the merino wool operating Falkiner family, of the well known FS Falkiner & Sons, who in the earlier 1900's was ran by the former politician and grazier Franc Falkiner.

The two level home is currently made up of two apartments, both owned by HWL Ebsworth partner Leon Gorr and wife Judith.

They paid $1.6 million for the upstairs unit, bought from the late businessman Peter Smedley and his wife Christine back in 1999, and then the ground level residence cost $5.5 million in 2011.

Abercromby’s agent Jock Langley says the provenance of the property is second to none. “The scale and scope offered to restore and redefine as one of Melbourne’s most prized assets exist due to the current occupants having the foresight to acquire the two huge apartments and now offer as one,” Langley says.

The expressions of interest close December 10, with early suggestions the home could fetch $25 million.