TER­RACE SALE

Herald Sun - Property - - Real World -

TRANS­PORT and lo­gis­tics king Mark As­setta is ship­ping off his in­ter­est in a Carl­ton ter­race.

The prop­erty de­vel­oper led the construction of Aus­trak’s Somer­ton busi­ness park, a huge 130ha rail and road hub about 20km north of the cen­tral busi­ness district.

This week’s of­fer­ing is a wee bit smaller; a re­de­vel­oped ter­race house in Fara­day St.

Ti­tle records show As­setta holds one-third of the shares of the prop­erty’s owner, St Kilda com­pany Tre Amici.

The house is ef­fec­tively new be­cause it has been gut­ted, leav­ing only the fa­cade.

It has three bed­rooms, two bath­rooms, an open-plan liv­ing

and din­ing area, a north-fac­ing rear court­yard and two base­ment car parks.

Mod cons in­clude ducted heat­ing, air­con­di­tion­ing and a video in­ter­com/se­cu­rity sys­tem.

Kay & Bur­ton puts it to auc­tion to­day at noon and ex­pects more than $1.1 mil­lion.

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