Mortgagee Auction


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.

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