Strata shop sells $60,000 above reserve
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Carnegie
An investor paid $60,000 above reserve to outbid several rivals for control of a strata-titled shop in
Jonathan Hallinanâs development at 274 A, B, & C in Neerim Road. The property was knocked down for nearly $2.56 million, or $6642 per sq m, Teska Carsonâs
George Takis said. The result reflects a strengthening market for strip retail despite COVID-related issues, he said. Sold with vacant possession, the 392 sq m ground-floor shop covers three titles and is part of a 5-level residential development.