Australian businessman Geoffrey Edelsten has died aged 78 at his apartment in Melbourne.

It is believed to have died on Friday afternoon at Balencea Apartments on St Kilda Road.

Victoria Police confirmed that a man in his late 70s died at the scene and that a report is being prepared for the coroner.

The death is not suspicious.

Want more? Here's a bit we love from Will & Woody – catch the boys weekdays from 4PM on KIIS101.1!