Scoresby commercial property sold for $521,000
Staff reporterDecember 7, 2020
A standalone commercial site with a three-bedroom residence at Scoresby in Melbourne’s eastern suburbs has sold for $521,000 post-auction.
The 11-13 Cavell Street vacant property was snapped up by a local investor.
It last traded for $75,000 in 1996, according to RP Data.
The property has total land area of approximately 376 sqm and is zoned Commercial 1.
The selling agent was George Kelepouris of Ray White Commercial.
Kelepouris said the building with a ground floor retail/office space was offered for sale at an onsite auction.
“The auction attracted four bidders and the property was sold shortly after the auction to one of the bidders,” he said.