Market Updates

April 07, 2017

A Great Find

16 Alex Ave, Moorabbin
SOLD
$945,000

A rare warehouse with an office and showroom at 16 Alex Avenue, Moorabbin sold at auction in April for $945,000 to an investor.  This was around $200,000 above the reserve price.  In front of around 70 viewers on a bright and sunny day, the property in original condition saw 15 bids from five prospective buyers. 

The building of around 450sqm is set on land of approximately 596sqm.  In addition to six car spaces at the front, the clear span warehouse has front and rear roller doors, great natural light, bathroom facilities and a kitchenette.

With Moorabbin going through a gentrification process, interest in 16 Alex Avenue was strong.  Located just off South Road and near the Dingley Bypass, the property has easy access to several major road networks, and is likely to provide several options to the new owners (STCA).

A rare warehouse with an office and showroom at 16 Alex Avenue, Moorabbin sold at auction in April for $945,000 to an investor.  This was around $200,000 above the reserve price.  In front of around 70 viewers on a bright and sunny day, the property in original condition saw 15 bids from five prospective buyers. 

The building of around 450sqm is set on land of approximately 596sqm.  In addition to six car spaces at the front, the clear span warehouse has front and rear roller doors, great natural light, bathroom facilities and a kitchenette.

With Moorabbin going through a gentrification process, interest in 16 Alex Avenue was strong.  Located just off South Road and near the Dingley Bypass, the property has easy access to several major road networks, and is likely to provide several options to the new owners (STCA).

For further details contact Niki Drendel on 0458 003 515