‘Ascot House’, a Victorian mansion built in 1860 for Melbourne’s former Lord Mayor John Thomas Smith, is being offered for sale for the first time in over 40 years.

The property comprises a picturesque 4,500 square metre elevated setting with manicured gardens and views of Flemington Racecourse, conveniently located 4.5 kilometres from Melbourne’s CBD. 

At a glance:

• Historic building at 50 Fenton Street Ascot Vale to be sold via an International Expressions of Interest campaign for the first time in 40 years
• The asset comprises a stately Victorian mansion on a 4,500 square metre elevated setting with views of Flemington Racecourse
• The property currently operates as a fully licensed reception centre but could be used for a variety of commercial uses (STCA)

The CBRE Melbourne City Sales and Development Sites team of Nathan Mufale, David Minty and Leon Ma has been appointed to market the 50 Fenton Street, Ascot Vale property on behalf of the Patinyotis family, which has occupied the estate since 1979.

“Rarely do we have the opportunity to market an estate of this size and scale, steeped in history with such character, located so close to the Melbourne CBD,” Mufale said.

The property currently operates as a fully licensed reception centre complete with two commercial kitchens, grand ballroom and off-street parking for 40 cars and offers buyers an opportunity to accommodate a wide range of uses.

They include a residential grand home, aged care facility, hotel/accommodation, corporate or organisation headquarters, legal or medical offices, a gallery or hospitality/event hire (STCA).

The property is located 200 metres from the 59 tram, providing access to the Queen Victoria Market, Royal Melbourne Hospital, Collins Street and Flinders Street while the Ascot Vale Train Station is 700 metres from the property and only four stops to Melbourne’s CBD.

Ascot House will be sold via International Expressions of Interest closing in November 2019.

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