Mortgagee Auction

THE AUSTRALIAN FINANCIAL REVIEW 

Friday 24 November 2017 

By Michael Bleby

An 80 per cent complete, 21 apartment residential development in eastern Melbourne's Donvale will be auctioned next month in a mortgagee auction. 

Lender ASL is selling the project by Erfanian Developments at 148-150 Mitcham Road with a settlement time of 120 days, which sales agent John Castran said would give a buyer time to complete the project and settle apartment sales. He declined to give a firm price guide, but said a mortgagee sale in Doncaster in July sold for $330,000 per apartment and he hoped to beat that.