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481 Melbourne Road Newport VIC 3015

  • Development / Land
  • 1,606 m²
  • For Sale, Contact Agent

A BLUE(STONE)CHIP OPPORTUNITY

    FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 10TH JUNE 2021 AT 2PM - SUBJECT TO COVID LOCKDOWN

    POINT OF INTEREST:
    This bluestone Victorian heritage building established in 1875, offers double street frontage, creature comforts for guests, and for new owner operators, a potential rock-solid return on their investment. Spanning 810 sqm* and 22 rooms in total, it’s currently tenanted to Newport Homestay and Lodge, providing instant return on investment. Fully equipped with heating and cooling and sufficient on-site car spaces, it can accommodate people from all walks within its four walls. Beyond the here and now, there is development potential with thanks to a total land area of 1,606 sqm* and General Residential Zoning. And with some of the inner west’s finest cafes and parks from Mason Street to The Strand, to Williamstown beach all within a few kilometres, you’ll need two hands to count the plus points.

    - Total building area of 810 sqm*.
    - Total land area of 1,606 sqm*.
    - Currently tenanted to Newport Homestay and Lodge Pty Ltd providing short term rental income until September 2021.
    - Potential to extend lease by one (1) year, providing income until September, 2022.
    - Live in the home, develop the rear of the site (STCA)
    - Split system heating and cooling to accommodation.
    - Open fireplace and ducted heating within the main residence.
    - General Residential Zone.
    - On-site car spaces.
    - Dual street access via Steer Street.
    - 500 m* to Newport railway station.
    - 1.5 km* to the West Gate Freeway on ramp
    - 2 km* to Williamstown retail precinct.
    - Melbourne’s CBD less than 10 km* away.

    POINT OF VIEW:
    Established in 1875 giving 1875 reasons pointing to why this investment is as safe as houses.

    *Approx.
    Pricing excludes GST

    Leo Mancino
    CVA Property Consultants Pty Ltd
    Leo Mancino
    CVA Property Consultants Pty Ltd
    Tom Lund
    CVA Property Consultants Pty Ltd
    Tom Lund
    CVA Property Consultants Pty Ltd

    Property Highlights

    Property ID2016985459
    Floor Area810 m²
    Land Area1,606 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Category
    Last updated  5 May 2021
    Map for 481 Melbourne Road Newport VIC 3015
    Map for 481 Melbourne Road Newport VIC 3015481 Melbourne Road Newport VIC 3015
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Leo Mancino
    CVA Property Consultants Pty Ltd
    Leo Mancino
    CVA Property Consultants Pty Ltd
    Tom Lund
    CVA Property Consultants Pty Ltd
    Tom Lund
    CVA Property Consultants Pty Ltd

    Property Highlights

    Property ID2016985459
    Floor Area810 m²
    Land Area1,606 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityAsk Agent
    Category
    Last updated  5 May 2021
    CVA Property Consultants Pty Ltd
    18-20 Russell Street Melbourne VIC 3000
    Leo Mancino
    CVA Property Consultants Pty Ltd
    Leo Mancino
    CVA Property Consultants Pty Ltd
    Tom Lund
    CVA Property Consultants Pty Ltd
    Tom Lund
    CVA Property Consultants Pty Ltd

    Ask Leo Mancino about this property

    Leo Mancino

    Leo Mancino

    CVA Property Consultants Pty Ltd

    Tom Lund

    Tom Lund

    CVA Property Consultants Pty Ltd

    0418 *** ***
    0418 343 147

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