Owner-occupier buys office building in Melbourne's north for $1.43 million

Owner-occupier buys office building in Melbourne's north for $1.43 million
Prateek ChatterjeeDecember 7, 2020

A well-known building in Melbourne’s Pascoe Vale South previously occupied by the Commonwealth Bank of Australia for many years has recently sold for $1.43 million to an owner occupier.

The corner property at 339 Bell Street, Pascoe Vale South is in a prime location and comprises a land allotment of 355 square metres and a two storey building of 330 square metres. 

At the sale price, it represents a building rate of $4,333.33 per square metre.

Other key attributes include open plan layout premises, laneway access and trams stop at the door step.

The property was on the market for more than 900 days, according to CoreLogic RP Data.

Anthony Carbone and Bradley Ellul of CVA were the selling agents.

Editor's Picks