Former Salvation Army site in Melbourne's Glenroy fetches $1.7 million at auction
Staff ReporterJuly 10, 2017
A former Salvation Army site in Melbourne’s northern suburb of Glenroy has sold at auction for $1,705,000, well above expectations.
The property at 132-134 Cardinal Road comprises a solid brick building with frontage to Cardinal Road.
The 1,393 sqm site is located within a favourable Neighbourhood Residential Zone.
The buyer was an interstate owner occupier and the selling price translated to a land rate of $1,223.97 sqm and building rate of $3,486 sqm.
The selling agent was Anthony Carbone of CVA.