56-58 Oakover Road & 1 Newman Street Preston VIC 3072
- Development / Land
- 1,881 m²
- Commercial Auction
SECURE INVESTMENT IN HIGH GROWTH LOCALE WITH DEVELOPMENT UPSIDE
Nelson Alexander Commercial are pleased to offer for Sale via Public Auction this prominent freehold set over 3 titles at 56-58 Oakover Road and 1 Newman Street Preston. This strategic land holding offers a significant investment/re-development opportunity within 10kms of the CBD in one of the fastest growing suburbs in Melbourne.
Flexible Mixed-Use Zoning provides future redevelopment potential (STPA)
Prominent Land size of 1881sqm (approx.)
Securely leased for approx. $100k +GST pa
Superb location opposite Newman Reserve, serviced by St Georges Road Tram
Set to benefit from numerous nearby multi-level residential developments.
Following significant recent growth in Northcote, Thornbury Preston is now considered the next major growth area in the inner north.
AUCTION ON SITE: 19TH September at 1PM.
For all property enquiries or to arrange an inspection outside of the above times, please contact exclusive selling agents Nelson Alexander Commercial on 9419 5511.
|Auction date and time||19/09/2019 13:00|
|Auction location||56-58 Oakover Road & 1 Newman Street, Preston VIC|
|Floor Area||1,331 m²|
|Land Area||1,881 m²|
|Annual Return||Ask Agent|
|Last updated||16 Aug 2019|