With Victoria's Labour Day long weekend fast approaching, 'CRS Property' had the pleasure of auctioning off corner freehold site 235 Napier Street in Fitzroy.Â
Zoned as mixed-use site, the corner allotment bursts with development potential. With a building area of 320sqm, along with rear on site parking and two street frontages (and rear lane access), it is safe to say this site is a developers dream.
A healthy crowd of approximately 30 people gathered eager to observe the result of such a marvellous opportunity. The bidding kicked off on the lighter side, starting at $3.55 million. However, with 4 enthusiastic bidders appreciating the property's potential, the auction began to heat up. As bids rushed in thick and fast, the property was soon announced 'on the market' at an even $4 million, before landing an official selling price of $4.56 million.Â
Congratulations to the CRS Property on a greatly successful result!Â
What a way to bring in the long weekend!
