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Sold on 19 Sep 2019

56-58 Oakover Road & 1 Newman Street Preston VIC 3072

  • Development / Land
  • 1,881 m²
  • Sold

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

Auction date and time19/09/2019 13:00
Auction location56-58 Oakover Road & 1 Newman Street, Preston VIC

Property Highlights

Property ID2015528652
Date Sold19 Sep 2019
Floor Area1,331 m²
Land Area1,881 m²
ParkingAsk Agent
Category
Last updated  2 Oct 2019
Map for 56-58 Oakover Road & 1 Newman Street Preston VIC 3072
Map for 56-58 Oakover Road & 1 Newman Street Preston VIC 307256-58 Oakover Road & 1 Newman Street Preston VIC 3072
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Nelson Alexander Commercial
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