This article is from the Australian Property Journal archive
OFFERED for the first time in more than 80 years, a former Foodworks supermarket site in Melbourne’s Murrumbeena has sold under the hammer for $3.8 million.
The 796 sqm corner site at 430-434 Neerim Road is zoned Commercial 1 and has three street frontages with a combined 78 metres of exposure.
Jeremy Gruzewski and Fred Nucara of Beller Commercial sold the property, which attracted four bidders at auction.
It currently has a part two-level building and was marketed with vacant possession and redevelopment potential of up to six levels, according to a feasibility study, as well as potential to be divided into multiple retail or commercial tenancies. The site is located metres from Murrumbeena train station and close to Dandenong Road.
Australian Property Journal
