8 Murrumbeena Road in Murrumbeena.
AN OUTSTANDING retail/office with unrivalled exposure and an approved development site have sold for a combined $2,432,000 in two separate deals in Melbourne.
8 Murrumbeena Road in Murrumbeena sold privately for $1,620,000 and 51 Warrigal Road sold for $812,000 in Hughesdale after post-auction negotiations.
Both deals were successfully marketed and completed by Ray White Commercial Oakleigh Senior Commercial/Industrial Sales and Leasing Consultant George Kelepouris.
Mr Kelepouris said 8 Murrumbeena Road came with 819sq m* land and was zoned General Residential 1 (GRZ1).
“It’s rare to have such a quality development opportunity become available and this one already had approved plans and permits for a mixed-use development in place,” Mr Kelepouris said.
“The approvals, valid until 2021, allowed for six permitted medical suites, 12 car spaces for medical and three three-bedroom, two-bathroom and two-garage town houses.