A single storey retail shop / office sold at auction on Wednesday the 9th of December at 12 noon for $1,168,000. From the beginning of the auction it was clear 2 competitive key parties were vying for the property, providing great entertainment for the crowd. The purchaser was a local retailer / investor who bought the property well over the reserve.
Situated amongst retailers in popular Balcombe Road, the property offered a total land area of 255m² (approx.) with rear lane way access, Balcombe Road frontage, divided into 2 tenancies and Zoned Commercial 1 with potential to go up (STCA).
According to Nichols Crowder selling agent, James Glen, "Mentone has become an increasingly popular location for investors and owner occupiers alike due to the close proximity to major arterials, train station and fantastic on grade car parking for customers."
For more enquiries contact,
0401 493 277