Having been placed on the market for the first time in 52 years, Fitzroys were delighted to sell 400 Glen Huntly Road, Elsternwick - a freehold property bursting with opportunity.Â
Located in the heart of Elsternwick and currently untenanted, 400 Glen Huntly Road surrounds itself around a plethora of national tenants including Telstra, ANZ, Coles and NAB. With a carpark at the rear and a site area of approximately 277sqm, it was clear this site would gain much interest.
More than 60 onlookers attended the auction interested to witness a result for the highly regarded retail space. With 4 bidders eager to purchase the shop, the bidding commenced at $1.2 million and was placed on the market at $1.8 million. Towards the business-end of the auction there were two bidders battling it out. As both bidders stretched their limits, the shopfront officially sold for $1.95 million.Â
Congratulations to Fitzroys and the Vendor for an outstanding result.
