Camberwell residential development site sale

Camberwell residential development site sale
Camberwell residential development site sale

There was competitive bidding at a mortgagee auction in Camberwell of a residential development site.

Nine would-be buyers fought for two partially-built townhouses at 23 Acheron Avenue.

They pushed the sale price more than $750,000 over reserve.

The 975-square-metre block with existing plans and potential to redevelop sold for $3,451,000.

The buyers will also have to pay GST because of the nature of the sale.

Auctioneer Bernard Corser, of Corser Property, declared it on the market at $2.7 million.

Jellis Craig’s Mark Pezzin, who sold the property in conjunction with Corser Property, said the strong result came as here was a lack of quality stock.

Tags: 
Residential Development Camberwell

Comments

Be the first one to comment on this article
What would you like to say about this project?