Opportunity to Occupy, Refurbish or Re-develop

363 Neerim Road, Carnegie sold prior to the scheduled Expression of Interest closing date to a local owner occupier for $2,150,000. The 509 sqm General Residential zoned property comprised an older warehouse returning a nominal rent of $20,599 pa. “The property represented an outstanding opportunity for either an owner occupier to occupy and refurbish the existing building or for a developer to build a three-level apartment or townhouse development,” commented Dean Alexander.  Tom Maule and Dean Alexander of Gorman Commercial handled the sale on behalf of the interstate vendor.