Oakleigh Showroom/Office Sold at Auction for $1.7 Million

Oakleigh Showroom/Office Sold at Auction for $1.7 Million

A showroom/office at Oakleigh in Melbourne’s south-east has been sold at auction by Ray White Commercial Oakleigh for $1.7 million – more than $500,000 above the reserve price.

The vacant two-storey building at 10/2-16 Warner Street, Oakleigh, was sold under the hammer at the on-site auction to an owner-occupier by George Kelepouris of Ray White Commercial Oakleigh on behalf of a local owner.

George Kelepouris said there were five bidders at the auction and there was some spirited bidding for the offering.

“The auction ended up in a battle between two bidders who pushed the price up to $1.7 million, which was $540,000 above the reserve,” he said.

George Kelepouris said the building offered a net lettable area of approximately 1670 sqm on a total land area of approximately 867 sqm.

“This impressive commercial building comes with 11 allocated car spaces,” he said.