Hugh Wirth Estate Properties Sell for $7.025m
Side-by-side properties part of the estate of acclaimed veterinarian, animal welfare advocate and long-term RSPCA President Hugh Wirth have sold for a combined $7.025 million.
Fitzroys agents Chris Kombi and Ervin Niyaz sold the 3 inner-east sites to 2 buyers. All are within a Neighbourhood Residential Zone.
185 Whitehorse Road and 1 May Street are on a combined 1,856sqm corner site and sold together for $4.6 million. Both are leased to Balwyn Veterinary Surgery. Wirth bought the clinic in 1967 and ran his vet practice from here until selling the business in 2006.
Next door, 3 May Street sold to a local developer for $2.425 million. The price represents a strong land rate of around $3,000 per sqm on a site area of 820sqm.
Beginning his career at a country vet in Gippsland, Wirth became President of RSPCA Victoria in 1972 and held the position for 43 years. He was President of RSPCA Australia for 22 years and a member of its board for 35, and is considered to have been pivotal in aligning policies across the organisation’s state and territory bodies. He was also the first person outside of Europe to lead international organisation World Animal Protection.
Wirth became a familiar voice to many across Melbourne and Victoria through regular appearances on ABC radio over 30 years every Saturday morning as the
station’s resident vet, taking talkback calls and offering advice to pet owners and animal lovers.
In 1985 Wirth was made a Member of the Order of Australia, and was made Victorian of the Year in 1997.
More Historic Terrace Sales Along Emerald Hill
Clarendon Street in South Melbourne has seen a string of retail properties change hands, including more shops along the historic Emerald Hill Place block.
Fund manager Terraplex has just sold 344 Clarendon Street & 57 Emerald Place for $1.7 million at a 4.32% yield, and 346 Clarendon Street & 59 Emerald Place for $2.535 million at 4.64%. South Melbourne Optical and Lana Berg lease the retail spaces of the respective 2-level shop and dwellings.
They follow 336 Clarendon Street selling for $2.94 million at 3.78% yield. Red Cross leases the ground floor.
Terraplex was part of a syndicate that paid $27.5 million in 2015 for the row of 15 terraces that were built in 1887.
Across the road, the 122sqm building at 317 Clarendon Street & 1 Wynyard Street, occupied by Cloud Wine, has also sold for $1.787 million at 3.22% net yield.
Disclosure: The weekly Fitzroys Property Wrap is for information only on transactions in the Melbourne property market. Fitzroys provides this information as a public service. We are not purporting that all sales and leases within this report were transacted by Fitzroys. Terms/Privacy © Copyright 2020 Fitzroys.