VIC: Site sale, 1234 and 1236 Nepean Highway, Cheltenham

VIC: Site sale, 1234 and 1236 Nepean Highway, Cheltenham


October 2015
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VIC: Site sale, 1234 and 1236 Nepean Highway, Cheltenham

Two neighbouring commercial sites in Melbourne’s southeast have been bought by a Chinese developer for $9.15 million.

The properties include a vacant warehouse and a tenant office building.

CBRE’s Mark Wizel said the vendors reaped an extra 10 per cent to 15 per cent on the sale of their properties due to the decision to amalgamate.

PRICE: $9.15m

BUYER: Chinese developer

AREA: 1930sq m (site)

AGENTS: Mark Wizel, Ed Wright and David Minty, CBRE

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