THREE brothers are about to turn their parents’ 500-pound purchase of land on Melbourne’s northern fringe suburb of Mickleham into more than $50 million.
Hutton and Isabel Troutbeck bought the 25.8-hectare site at 1630 Mickleham Road in 1935, which is now a dairy farm with a homestead and is set to make way for a residential community development.
The bachelor brothers, Garry, Keith and Edward Troutbeck, are all now aged between 70 and 82.
“Dad said, ‘One day, one day you’ll come into a fortune but don’t sell it before you do,” Keith told 7 News.
Australian Property Journal