VICROADS has reaped $2.57 million from the sale of a vacant 1.3 hectare property in Melbourne’s outer north.

The Industrial 1 zoned property, with an 183 metre frontage to Mahoneys Road, in Thomastown, sold to an owner occupier.

Knight Frank’s Anthony Cementon and Martin Bourke said the high profile development site is close to the Hume Highway and Metropolitan Ring Road.