A converted green grocer and butcher shop at 42 Fenwick St, Clifton Hill, faced the chopping block Saturday.
A FORMER butcher shop and green grocer faced the chopping block this weekend and proved a quality cut for an investor.
The Clifton Hill property with a classic Victorian shopfront facade failed to attract a buyer at auction, but a sale was notched a short time later.
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An investor secured the keys to the three-bedroom home after auction.
The three-bedroom home at 42 Fenwick St was passed in on a $1.075 million vendor bid in front of a crowd of about 30.
It sold a few hours later for an undisclosed figure within the $1.05-$1.15 million pre-auction price guide.
The property sold for an undisclosed price within the $1.05-$1.15 million pre-auction price guide.
Jellis Craig Fitzroy auctioneer Lee Muddle said it was a “little bit of Clifton Hill history”.
“It’s a good little one in good condition,” Mr Muddle said.
“Single-level, low-maintenance with a large front living room and high ceilings.”
Mr Muddle said the investor from Ivanhoe was attracted to the property’s potential rental return of up to $840 per week.
“(He liked) the rental return being three-bedroom and potentially being able to work from the front and downsize one day,” he said.
The property could fetch up to $840 per week in rent.
While the trading days of the shop had long gone, the old-fashioned facade with veranda and tall parapet still held a stately presence.
Revamped for modern living, the home had a huge front lounge room with a window that screened it from the street and a modern kitchen with meals area at the rear. A young family, who had owned the property for eight years, sold to move to Melbourne’s eastern suburbs.
Mr Muddle said the Clifton Hill market was holding up “OK” with large homes in the $2 million plus price point struggling the most.
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