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.