An owner occupier has paid $1.07 million for a commercial property in Melbourne’s inner east.
The 200sq m building is close to Burnley Railway Station and includes car parking.
Teska Carson agent Anthony Choi said that owner occupiers were stronger bidders than developers, despite the redevelopment potential of the building.
“Owner-occupiers have recently been very active with inquiry on any property selling with vacant possession, or even short term leases, and that is not surprising given the very favourable borrowing environment, ‘’ Mr Choi said.
BUYER: Owner occupier
AREA: 200sq m (building), 200sq m (site)
AGENTS: Anthony Choi and Michael Taylor, Teska Carson