SOLD: 84-88 Montague Street, South Melbourne

March 2, 2023

SOLD Add To Your Empire

Nichols Crowder is pleased to announce that prominent and high-profile 84-88 Montague Street, South Melbourne, has sold at auction for $4.34 million representing a 2.4% yield, with a land rate of $9,435psm and a building rate of $5,756psm.

The hotly contested auction proves that there is still a strong demand for well positioned investment properties with development upside, with over 60 enquiries throughout the campaign and over 70 bids at auction.

Julian Vautin said, “From the moment we launched the campaign we were inundated with enquiry. Interest came from owner occupiers, investors and developers, each attracted to the well-presented building, incredible corner positioning and Capital City Zone. In the end, the ultimate buyer was a local developer.”

For further details contact:

Julian Vautin & Matt Nichols

Matt Nichols

Put your property with the Leaders of the South East

We’re proud to lease and sell, through auction and private sale, hundreds of commercial and industrial properties annually. Beyond that, our property management services extend across Melbourne, into regional Victoria and interstate. Our quest for innovation, real experience, unmatched database and the fact that we’re the only commercial and industrial agents with offices that stretch from Bayside to Moorabbin, Braeside to Dandenong and Carrum Downs to Mornington Peninsula has made us the Leaders of the South East.

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