Victoria Police Legacy has sold Carlton’s historic Louisa Terrace held for nine years.
Within the South Drummond Street precinct – just, at the busy south west corner of Queensberry – the c1893 home-office attracted four bidders at auction.
The last two, also owner occupiers, knocked it down to $3.375 million – well over the $2.25-$2.4m guide.
The not-for-profit will now relocate to Burwood East.
With eight principal rooms – Louisa Terrace attracted occupiers considering it for either full residential or commercial use; the buyer is intending both (story continues below).
Belle marketing agent Scott McElroy said the mixed-use zoning was a feature.
“Regardless of interest rate movements, which have been predicted to go up for some time, the fundamentals of A-grade property never change,” he added of the runaway result.
The deal comes a week since we reported the outgoing Police Association of Victoria headquarters at East Melbourne sold for a speculated $22m.
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