A vacant block featuring a handful of veggie patches, chicken pens and a shed is set to fetch at least $1 million from potential buyers this weekend.
The property on Little Charles St in the inner-city
Abbotsford is just 2km east of Melbourne’s CBD, with vacant blocks of land scarce in the trendy area.
The vacant block of land at Abbotsford, could fetch as much as $1.2 million at auction
The vegetables patches currently on display at Abbotsford address in Little Charles St
The property is being promoted as an ‘outstanding opportunity to purchase prime vacant land’.
Edward Hobbs, a director at Biggin and Scott Richmond, believes the eventual buyer is likely to build two townhouses or a large house, subject to council approval, at the address.
‘Location is king,’ he said.
A number of developers have already reportedly tabled their interest in the vacant block ahead of auction on Saturday.
The Abbotsford location, 2km east of Melbourne’s CBD, also features a shed and chook pens
Geoff White, a director at CoreLogic Victoria, encouraged prospective buyers to be pro-active if they come across their dream property.
‘Buyers should be out there this spring, because there are some great opportunities with vendors starting to meet the market,” he said.
‘Don’t hold back if you see the right property.’