We are excited to announce that 1029 Nepean Highway, Moorabbin has sold for $1,130,000. Congratulations to both the vendors and buyer on this successful transaction.

Selling Agent James Glen said, “This property was truly a unique offering to the marketplace as the buyer was in effect purchasing the property for nearly land value only, so buying the lease and building nearly free!

The property has been operating as a chiropractic clinic for over 60 years, and with a new lease in place plus options and generous increases throughout, it was a secure investment.

With the underlying general residential zoning of the property, the purchaser plans to hold long-term and re-develop once the lease expires or the tenant moves out.”

Thank you to everyone who showed interest in the property. If you are looking to buy or sell, get in touch with our leading commercial property team. Here to provide you with the best property solutions for your future.