135 year old Richmond cottage on development site for auction
Jonathan ChancellorDecember 7, 2020
A derelict 135 year old cottage at 336 Burnley Street in Richmond, in inner city Melbourne, is set to sell for $2 million plus as a development site.
The property has planning permission for the construction of four townhouses, one of which will have to incorporate the rundown heritage listed cottage.
Biggin & Scott agent Allan Cove who has the 12 September auction, last sold it in 2012.
The worn-out weatherboard house on a large 779 square metre block fetched $1.621 million at its executors' 2012 auction with five competing developer syndicates taking the bidding beyond its $1.5 million reserve.
It is across the road from the Grand Hotel between Bridge Road and Swan Street with rear frontage to Canterbury Street.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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Melbourne