PHOTO: The site, occupying almost 1 hectare, sold for more than $37 million. Photo: Supplied
- Box Hill site sells for $13.3 million
- Chinese developer pays more than $8 million for slab of concrete in Box Hill
A former warehouse in Melbourne’s Abbotsford has sold for $37.28 million to a mainland Chinese buyer, in what some agents say is a sign that ‘offshore money’ is returning to commercial property.
The two blocks at 45 and 50 Grosvenor Street, on a combined 9500 square metres, topped vendor expectations by about $2.3 million.
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