GormanKelly is pleased to advise the recent sale at public auction of 639 High St Rd, Mount Waverley. An interstate investor bought the property for $740,000. The strong competition was evident with 5 bidders at the auction.
This retail premises was owned by the same family for some 5 decades and originally operated as a butcher.
The premises enjoys prominent exposure with excellent potential for further development in the future and currently returns $26,490, reflecting a yield of 3.6%.