Melbourne buyer secures Fitzroy North site for $14.05 million
Staff reporterDecember 7, 2020
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.