development site sales, melbourne cbd

development site sales, melbourne cbd

April 2016
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Development site sales, Melbourne CBD

The Metropolitan Hotel, offered for the first time today in over thirty years, sold this afternoon in a buoyant result for Melbourne’s CBD property market.

Strategically positioned on the corner of Little Lonsdale Street & William Street, the 360sqm site sold under the hammer through CBRE Melbourne after intensive bidding that lasted almost an hour.

As a huge crowd of onlookers and bidders filled the streets, a local investor was the final purchaser buying the property for $8.61 million.