Oviss family banks $22m from shops

One of two shops to sell in Anderson Street, Yarraville.

The family of late businessman Harry Oviss has banked $21.8 million from 12 retail investments.

The priciest – understood to have traded for about $6m – spreads across four shop fronts between 134-136 Station Street, Fairfield (pictured, top).

Five Montmorency assets also sold.

Two of the properties were in Yarraville’s Anderson St with another couple in High St, Northcote.

The average yield was 3.45 per cent, according to Gross Waddell ICR agents Alex Ham, Danny Clark and Michael Gross (story continues below).

Before retiring to develop and invest in property, Mr Oviss operated a popular knitwear store in the Block Arcade.

The businessman died in January, aged 97.

More to come.

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Marc Pallisco

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