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The Lake Eyre Penthouse at The Olsen

Price on request

637-641 Chapel Street, South Yarra VIC 3141, Australia

4.3 (1096)
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The premium penthouse at The Olsen. Great for small day meetings or evening cocktail events. Includes an awesome outdoor deck, plunge pool and spa pool. Also has one bedroom so you can even stay in the room after your event (subject to availability).

Contact The Olsen

4.3 (1096)
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Usually responds within 24 hours


Room Layouts & Capacity

Standing60

Amenities & Extras

$= Additional Cost

Food & Beverage

Bar Tab

Audio Visual Equipment (AV)

Microphone
Projector
TV

Other Amenities & Extras

Accessible
Dance Floor
External Music or DJ
On-Site Parking
Smoking Area
WiFi

Google iconReviews for The Olsen

Mister Ming profile photo

Mister Ming

April 13, 2025

Great location. Service is friendly and hospitable. Rooms are spacious however differ from the photos. Spa isn't available unless one has a penthouse. The pool is not outdoors and is quite small. The photos are far better than the actual product. Cleanliness could be better.

Jake S profile photo

Jake S

March 15, 2025

I really enjoyed my stay. the hotel is welcoming from the moment you enter the glass doors. staff were very friendly and helpful. rooms super clean, good size, functional. I liked the balcony too. South Yarra is a fantastic area and the Olsen is perfectly located. loved the swimming pool.

M M profile photo

M M

March 16, 2025

The overall experience was disappointing from start to finish. Upon arrival, the staff appeared unkempt and lacked basic professionalism or courtesy, making the check-in process feel purely transactional rather than welcoming. There was no warmth, hospitality, or effort to make guests feel valued. This was particularly frustrating given my previous interactions with the property, which had already left me unimpressed. Unfortunately, the in-person experience only reinforced my concerns. The room itself was in need of maintenance and refurbishment. The shower had an overwhelming, unpleasant stench, making it uncomfortable to use. Additionally, the basin was visibly peeling, adding to the overall sense of disrepair. Considering the nightly rate for the F1 weekend exceeded $750, the level of service and quality fell far below expectations. At this price point, guests should expect a well-maintained room, professional staff, and a seamless, enjoyable stay. Instead, the experience felt like a complete letdown, failing to justify the premium pricing.

Olivia D'Argenio profile photo

Olivia D'Argenio

March 30, 2025

Our wedding suite. We booked a penthouse room for our wedding. We got ready there the morning of, stayed there the night of, and the rest of the weekend. No request was too difficult for the staff there. We were met with incredible service. We needed extra tables for the stylists, champagne glasses brought up to us, the beds made in the morning prior photos being taken, and all these requests were fulfilled in a timely manner. We were even given sparking wine in the lobby (which I think is a regular experience for guests). Our room was spacious and clean and the location of the hotel is great. We couldn't fault our stay. We will definitely be back. Liv & Mitch.

Kate Buzari profile photo

Kate Buzari

December 31, 2024

I’ve stayed at The Olsen many times now and yet again have just had an exceptional experience. The staff are always so professional and helpful. The location is amazing. The hotel itself is lovely. I stayed in a room with a balcony and was so imprsssed at how much room there was on the balcony, I spent a lot of my time out there! The room was lovely, warmly inviting, plenty of room. The bathroom was a little tired, with some mould obvious in the grouting around the shower - that’s literally the only negative thing I could say about my stay. I will definitely be back!


Venue Hours

Monday08:00am-Midnight
Tuesday08:00am-Midnight
Wednesday08:00am-Midnight
Thursday08:00am-Midnight
Friday08:00am-Midnight
Saturday08:00am-Midnight
Sunday08:00am-Midnight
Pricing Price on request

Event Types

AGMAwards DinnerBar MitzvahBirthday PartyChristeningChristmas PartyCocktail PartyConferenceCorporate FunctionCorporate OffsiteCorporate RetreatEnd of Financial Year PartyEngagement PartyFunctionGala DinnerLunchMeetingNetworking EventProduct LaunchResidential ConferenceSeminarTrade ShowTrivia NightWeddingWorkshop