A highly sought-after block of land in Sunshine West has sold for almost $1.5 million.
The property at 10-12 Marchant Cresent went under the hammer on Saturday at a highly competitive auction and sold for $1,478,500.
Create Vic Real Estate director Steven Tabban said it was a great result for all concerned.
“We’re really happy with what the team’s come up with – the price was over what the vendor was expecting,” he said.
“The bidding slowed down a little at the end of the auction, but it was a bit of fun.
“We were expecting about $1.4 given the interest before the auction, so we’re happy with the result.
“I think everyone is a winner here – the vendor got a great price and the purchasers walk away with a great opportunity.”
The purchaser declined to comment, but Mr Tabban said the land lent itself to a large development.
“This is an amazing opportunity,” he said. “From what we’ve been hearing throughout the campaign, we’re looking at a six or seven townhouse site. It’s an amazing area and the land has been under-utilised for a long period of time.”
