Car dealer sells

A local owner-occupier has purchased a building in Fairfield, Melbourne, for $2.25 million. The property, at 388 Heidelberg Road, sold at auction.

It was previously occupied and owned by 3 Point Motors, a Mercedes car dealer. The deal equates to $1500 a square metre. ICR Property Group agent Raff De Luise brokered the deal.

The Australian Financial Review – Thursday, November 2010