Owner-occupier pays $1.16 million for Glen Iris shop

Owner-occupier pays $1.16 million for Glen Iris shop
Owner-occupier pays $1.16 million for Glen Iris shop

An owner-occupier has paid $1.16 million for a boutique retail property in the inner eastern Melbourne suburb of Glen Iris.

Teska Carson’s Tom Maule and Matthew Feld sold the 7-9 Bardolph Street property.

It attracted five bidders driving the price well beyond the vendor’s reserve.

The price reflected a land rate of $5346 a square metre.

The property comprises a 118 square metre, single level, double-fronted, shop with on-site parking.

Zoned Commercial 1, the 217 square metre site provides nearly ten metres frontage to Bardolph Street and more than 12 metres to a ROW at the rear.

Tags: 
Auctions Glen Iris

Comments

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