481 Melbourne Road, Newport, VIC 3015

Development/Land | Hotel/Leisure

For Sale Contact Agent

  • Property ID: 388853
  • Floor Area: 810m²
  • Land Area: 1606m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
A BLUE(STONE)CHIP OPPORTUNITY

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 for $140,400.00 per annum excluding GST and outgoings until September 2021.
- Option 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

Additional Information
Features
  • Availability: Upon Settlement
  • Lease Term: Three (3) years
  • Car Spaces: Ample on site
  • Condition: Very good
  • Air Conditioning: Yes to accomodation
  • Car Parking Fees: Nil
Outgoings
  • Water Rates: $910.00 per annum plus GST *
  • Land Tax: TBA
  • Council Rates: $11,340 per annum plus GST *
  • Owners Corp. / Insurance: N/A
Newport Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $2228 --- ---
Offices $2228 --- ---
Industrial --- $94 ---
This is the average advertised price, rent and yield for Newport, VIC 3015*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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