Yarraville apartment block sold for $2.72 million
The Yarraville block of six sold for $2.72 million
Jonathan ChancellorApril 10, 2021
A Yarraville block of apartments was sold in one line at weekend auction for $2.72 million.
The six two-bedroom units had been advertised as having a conservative rental return of about $90,000 a year.
The apartments were typically between 60 sqm and 70 sqm.
The price guide was $2.25 million to $2.4 million.
There were four bidding groups seeking the two storey brick block on 836 sqm at 30 Stephen Street on the corner of Berry St.
Its reserve came as $2.55 million at its Greg Hocking auction.
It was reportedly listed by a family of real estate agents and sold to another real estate family.
Local Yarraville Projects:
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.