Flinders Street Development Site Sells After Auction

The property passed in at auction on Thursday for $3.18 million, but sold afterwards to an undisclosed buyer. The permit offered with the site is current up to December. Construction of a new building needs to start two years from that date.

Selling agent Russell Meerkin said the new purchaser may choose to modify the permits and plans attached with the site. Mr Meerkin sold the property with Kliger Wood colleague Grant McKenzie. Michael Cementon, of Carlton-based agency S8 Property was the conjunctional agent.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.