Corner site in Melbourne's Doncaster fetches $4.2 million at auction

Corner site in Melbourne's Doncaster fetches $4.2 million at auction
Corner site in Melbourne's Doncaster fetches $4.2 million at auction

A corner site in Melbourne’s Doncaster suited for mixed use development and earning holding income has sold at auction for $4,200,000.

The properties at 1094 Doncaster Road and 2 Elvie Street, Doncaster, VIC 3108 have a land area of 1380 sqm with frontage to Doncaster Road and Elvie Street.

The property at 1094 Doncaster Road  has a two-storey office building. Its estimated fully leased income is about $89,523 pa.

The one at 2 Elvie Street is a single storey dwelling which has been converted and used as a medical practice. It earns a rent of $32,000 pa. 

The site is close to shopping centre Westfield Doncaster, transport and parks.

The selling agents were CBRE’s Sandro Peluso, David Minty and Chao Zhang and Dawson Real Estate’s Ben Dawson.

Tags: 
Doncaster Commercial Sale

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