Malvern East mansion The Gables listed for sale after half a century

A grand Malvern East mansion that hosted the celebrity weddings of late comedian Cal Wilson and actress Tessa James to NRL star Nate Myles has hit the market.

The Gables’ reputation as an extravagant party venue dates back to the early 20th century when it was a favourite haunt of notorious Melbourne gangster Squizzy Taylor.

The underworld figure reputedly organised a huge 21st birthday bash for his girlfriend at the 1902 mansion, which he and his mates used as a speak-easy during the prohibition era.

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Originally built as a private estate, the 3465sq m property at 15 Finch St, Malvern East, has a longstanding reputation as one of Victoria’s most recognisable function centres.

The impressive Queen Anne home is offered to market for the first time in 50 years, paving the way for new owners to continue its legacy as an event space or secure a landmark private residence in the prestigious Gascoigne Estate.

Melbourne Sotheby’s International listing agent Max Ruttner is calling for expressions of interest in the vicinity of $12m-$13m by November 13.

He said the Royal Commonwealth Society had owned the property since 1975 but, with its once 3000-strong membership base declining, had decided to sell.

The charity continues to operate the function venue, though Mr Ruttner expects the new owner could look to revert it back to a private home.

“It’s the largest landholding in Malvern East so it will be a real proud owner’s home,” he said.

“A few people might be sitting on the sidelines but I think it’s the type of property that people would make a move for.”

The leafy grounds are a highlight of The Gables, having been designed by the Royal Botanic Gardens’ William Guilfoyle.

They retain much of his original plan, including 120-year-old Himalayan cedars, manicured lawns, hedges and gazebos.

“The grounds are amazing. One of the beauties of it is that once it is restored you will have gardens on all four sides of the property,” Mr Ruttner said.

“For someone who has got the time and vision it would be marvellous.”

The mansion, designed by architects Ussher & Kemp, is rich in Federation-era detail, from intricate plasterwork celebrating Australian flora and fauna to stained leadlight and detailed timberwork.

Four grand reception rooms, including a ballroom and dining room, are supported by a commercial kitchen, bar and guest amenities.

Upstairs two bedrooms, used as bridal suites, complement a separate two-bedroom residence with drive-through garaging.

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