Oakleigh Retail Building Sold

Oakleigh Retail Building Sold

A standalone retail/office building with redevelopment potential (STCA) at Oakleigh in Melbourne’s south-east has been sold by Ray White Commercial Oakleigh for $630,000.

The vacant property on a land area of approximately 156 sqm at 184 Warrigal Road, Oakleigh, was sold to a private investor by Ray White Commercial Oakleigh’s George Kelepouris on behalf of a private owner.

George Kelepouris said there was strong interest from a range of buyers  in the boutique 170 sqm building, which includes a two bedroom dwelling.

“The purchaser plans to renovate the property and then lease it out,” he said

George Kelepouris said the building is zoned ‘commercial 1’ and has potential for a multi-storey apartment (STCA).

“The building is located on a corner position and enjoys easy access to key arterials and conveniences,” he said.

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