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8-10 Bragge Street, Frankston VIC 3199 Active

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$3,636
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Value
$1,000,000 Information not available
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Status by Margio Cabreros (04/04/2025 5:41 PM)
* Follow till sold, refer to Natalie if not sold - area has no agents to be referred


04/04/4025 - Checked non-referred listing, property withdrawn from sale
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Listed for sale on 03/10/2024 on Commercial RE with non-referred agent, Robbie Emond from Black Fox Real Estate - - WITHDRAWN
COMMERCIAL ADVERTISMENT - https://www.commercialrealestate.com.au/property/8-10-bragge-street-frankston-vic-3199-2017080106
BLACK FOX REAL ESTATE

18/10/2024 - Looked online, listing with Aquire RE is offline/withdrawn, follow up with the property owner to determine if they are still considering selling?
27/10/2023 - Listed on REA, Real Commercial, All Homes with non-referred agent, Darren Dowel from Aquire Real Estate - - WITHDRAWN

https://www.commercialrealestate.com.au/property/8-10-bragge-street-frankston-vic-3199-2017080106

STEVE - MAPR 23 - Vendors asking price is unfortunately above market rate. This combined with the increase in building costs and the increase in interest rates, makes this site unsellable.

Asking price too high. Property will sell in the future when prices grow.

Its ok to keep it there. I am in touch with them from time to time and I imagine they may reduce their price expectations if we find a suitable buyer. It is off market though, they don't wish to advertise it on market.


ONLINE BLACK FOX RE - https://www.realcommercial.com.au/for-sale/property-8-10-bragge-street-3-douglas-grove-frankston-vic-3199-503852150
DIFFERENT AGENT - FUP STEVE


steve UPDATE: Unfortunately its overpriced for the location. I can’t get any of my developers to pay the asking price.

Unfortunately one vendor wants $2.5m for his 1510sqm. He definitely wont have a buyer. Land values in that area are approx. $800-$850 per sqm.For the other two vendors who collectively have 7905 sqm of land between them, they were seeking $1100-$1200 per sqm. I have just sold 2 sites in Seaford close to the beach at $1000 per sqm and Seaford is more expensive than Frankston. Those two vendors are overpriced also. I have told them that. I did get these two vendors an offer of $7,000,000 for their land which equalled $855 per sqm. It was a good offer that they should have taken, but they declined it. The buyer is now out, and pursuing other opportunities.I don’t think you and I should plan on spending our comm. It wont sell, until they choose to meet the market.If things change, I’ll let you know.
OBRIEN - LISTED - https://www.realestate.com.au/property-residential+land-vic-frankston-202536618

OPEN LISTING? - Fred has asked me to send him a general authority. Regards
Steve Foster-Swan

01/11/19 - Listed with non-referred agent, John Gorman from Obrien Real Estate (Oakleigh)
https://www.realestate.com.au/property-residential+land-vic-frankston-202536618
https://www.domain.com.au/8-10-bragge-street-frankston-vic-3199-2015838183
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