Melbourne Corr Lane 26 store high price trading (real estate website Realestate pictures)
After 1229 days of efforts, the conversion of three intermediary institutions, Melbourne Chinatown roadway property long-term owners successfully made huge profits.
(Corrs Lane) 26, Colle Lane, Melbourne, currently has a Chinese Sichuan restaurant, a Japanese ramen noodle shop and an underground hotel that sold for A $6.85 million at a public auction on June 13, according to real estate website Realestate.
Sellers are reported to have paid A $2.5 million for the shop in 2005 and are now making a profit of A $435,35.
Sales records show that sellers tried to sell stores through private transfers as early as 2016, and then tried bidding, but failed to trade successfully. Until May of this year, sellers again through real estate brokerage company CBRE (CBRE), to take the form of public listing auction.
After four weeks of promotion, several buyers expressed interest.
Corley Lane 26 covers an area of 296 square meters, a construction area of 956 square meters, including underground and ground 3 floors. The shop`s net rental income is about A $225000 a year. Although some areas need to be renovated, they have attracted the attention of many investors.
