Melbourne buyer secures Fitzroy North site for $14.05 million

Melbourne buyer secures Fitzroy North site for $14.05 million
Melbourne buyer secures Fitzroy North site for $14.05 million

A prominent investor has purchased a Fitzroy North development site for $14.05 million at auction.

The 81-89 Queens Parade site – a 3,201 square metre corner landholding – saw strong bidding from local and offshore buyers.

The freestanding corner building sold to a prominent local investor for $14,050,000, working out to a rate of $4,382 per square metre.

The selling agents were CBRE in their sixth recent transaction where local buyers had elbowed out offshore groups.

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Commercial Sale Commercial Market

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