05 Jun 2019

The Age Business: Wednesday 5 June 2019

Richmond

An investor paid $1,885,000, at a sharp land rate of $13,962 per sq m, for a shop at 491 Church Street in front of a strong post-election auction crowd.

Teska Carson's George Takis, Fergus Evans and Michael Ludski said the property attracted both investors and owner-occupiers. The two-level, 260 sq m building sold with a short-term lease to Pana Chocolate at $119,500 per annum net.