This article is from the Australian Property Journal archive
MORE than 100 bids were recorded at the auction of a North Melbourne office building which was eventually sold for $1.4 million above reserve, following a hotly contested campaign.
The vacant three-level, 400sqm building on the 275sqm site at 37 Flemington Road sold for $3.71 million.
Knight Frank agents Andrew Hewett, George Burbury, Andrew Hansen sold the property.
“The character filled building attracted the eye of value-add investors, boutique developers and keen owner-occupiers seeking a foothold in this highly sought after medical and educational precinct,” they said.
The Mixed-Use-zoned property has two frontages and on-site car parking.
Australian Property Journal
