Rare Land Offering with Dual Zoning Sells

Gorman Commercial in conjunction with Fletchers of Warrandyte sold 284 Eltham Yarra Glen Road, Kangaroo Ground via online auction for $2,120,000.

The dual zoned rural 11 acre property had an extremely rare section of the property that was zoned Commercial 1. This Commercial 1 zoned section abutted Eltham Yarra Glen Road which is directly next door to the Kangaroo Ground General store and across the road from Kangaroo Ground Primary School. The very rare offering was hotly contested by multiple bidders with the ultimate purchaser looking to eventually build a lifestyle property with a potential business interest on the expansive frontage. Dean Alexander of Gorman Commercial and Dominic Cruz of Fletchers sold it on behalf of the vendors who have owned the property for a long period of time.