The University of Melbourne has listed its historic Parkville mansion ‘Cumnock’ with a price guide of $7.9 million – $8.69 million, with Chief Operating Officer Katerina Kapobassis confirming the decision to divest the property.
According to realestate.com.au, the grand Italianate residence, designed in 1889 by Windsor Hotel architect Charles Webb, had served as a residence for a former Vice Chancellor and hosted official university functions.
Ms Kapobassis said the university has complied with all relevant legislative requirements regarding the sale.
The home, which sits vacant, is now considered “superfluous to [the university’s] needs” according to the selling agent.
Set on a 1376sqm block opposite Royal Park, Cumnock features 11 principal rooms, nine original fireplaces, a turreted viewing tower, and lush gardens.
Since being purchased for $7.1 million in 2017, the property has been upgraded throughout and is expected to attract both residential and commercial interest. Expressions of interest close Tuesday, 27 May at 5pm.
Source: realestate.com.au
