Mixed-use Huntingdale listing snapped up for almost $900,000

A commercial and residential listing in Melbourne's east suburb Huntingdale has been purchased for $880,000 through Ray White Commercial.

A local owner occupier picked up the 1283 North Road, Clayton property post-auction, according to Ray White Commercial Oakleigh's Ryan Amler.

Amler said that the buyer is looking to use the open plan office and residential section of the property for his own use, while receiving passive income from the separate residential aspect. The building comes with three car spaces.

The upper level is a three-bedroom residence spanning approximately 210 square metres, with separate entry. The bedrooms all have mirrored built-in wardrobes, and it has two bathrooms - both with spa baths - and two kitchens. The dwelling, rented at the time of sale, was retrieving $2,500 per calendar month.

Amler said that the property received significant interest, and is located near the railway station, bus stops and the Huntingdale Road shopping strip.

“The property includes approximately 210 sqm of ground floor commercial space equipped with a Daikin ducted inverter heating and cooling system, three phase power, automatic sliding front door, roller shutters plus kitchen and bathroom facilities,” he said.