Anglican Trust Sells Mordialloc Land For $1.5 Million

THE ANGLICAN Trust has reaped more than $1.5 million from the sale of disused land, at the rear of its St Nicholas Church, in Mordialloc, about 25 kilometres south of Melbourne.
 
The 1,379 square metre block at the intersection of Bear and Albert streets, and near the suburb’s Main Street retail hub, is expected to make way for a low rise apartment project, possibly with ground floor retail. The United Australia Group, which could not be contacted, paid $1.502 million for the property at auction, which was marketed by Biggin & Scott Brighton director Trudy Biggin.
 
Proceeds from the sale will pay for an extension and upgrade to the existing St Nicholas church facilities, on Albert Street.

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Marc Pallisco

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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