L 2 3/8 Boundary Street South Melbourne VIC 3205

Sub-penthouse sky home | Full-floor proportions on 235m² | Quattro boutique low-rise | Four exclusive residences only | Rare South Melbourne luxury footprint This property occupies a genuinely scarce position in South Melbourne’s luxury apartment market. A sub-penthouse on an upper level with house-sized floor area of 235 square metres is uncommon in low-rise boutique developments, and the full-floor-style configuration eliminates the compromises typical of multi-unit floors. The refined interior specification—fluted glass, stone, timber joinery, Japanese black fluted panels—signals a build quality that supports long-term value retention. With only four residences in the Quattro building, owner-occupier density is likely high, which typically strengthens resale demand and building governance. This property best suits a downsizer or executive buyer seeking a single-level home with skyline views, no shared walls on the floor, and a walkable South Melbourne address. The primary risk is the development’s under-construction status, with completion estimated late 2025. Delays or finish discrepancies could affect settlement timing and buyer patience. The building’s low total car spaces (four) and bike spaces (five) may limit appeal for car-dependent buyers, though this is consistent with an inner-urban profile. No bushfire, flood, or heritage overlays reduce insurance and renovation friction. The buyer’s opportunity lies in securing a near-new, full-floor residence before completion premiums are fully priced in. Hold this property as a primary residence or long-term hold; its scarcity and build quality make it a low-turnover, high-retention unit unlikely to flood the resale market.