Bidding War Sparks Massive Mulgrave Sale!

Amidst a strong Melbourne market, Crabtrees were delighted to place 61 Roberts Avenue, Mulgrave up for sale. 

On offer was a freehold office/warehouse spanning 525sqm in internal floor area and approximately 950sqm of land size.The blue-chip investment opportunity is located on a wide and quiet street just a few hundred metres away from Princes highway and and Springvale road, emphasising the property’s great accessibility. 

Sold with vacant possession, the well-maintained warehouse contains air conditioned office space, roller door access and has had new skylights recently installed. Moreover, the property also contains fantastic on-site parking.

Shining bright under the gorgeous Melbourne sun, a large crowd of more than 30 locals and investors formed outside keen to see what result the Office/Warehouse would produce. With an impressive seven (7) bidders seeing great value in the property, the competition to acquire the building was fierce. The bidding opened at $900.000 and quickly escalated in reaching the reserve price. As the many bidders were put to work, stretching their limits, only one buyer could secure the rare offering. After great competitive bidding, the Mulgrave property ended up selling under the hammer for $1.21 million. 

Congratulations to Crabtrees and the vendor on manufacturing a fantastic result!