THE HALL-MARK OF A STRATEGIC RETAIL ASSET.
POINT OF INTEREST:
For Sale by Private Sale Closing Thursday 13th June Unless Sold Prior. All offers are due by midday.
This wonderful retail freehold title features a marquee position right out the front of Newport railway station. To be sold with a new 3 year lease in place with the current retail café tenant, Heart Of Hall at $65,000 per annum and a vacant 1st floor office with anticipated rental of $30,000 per annum. Bringing the combined anticipated lease income to $95,000 annually.
With a total building area of 300 sqm*, the property’s ground floor retail space is currently fitted out as a large hospitality venue. A further 110 sqm* is upstairs on the first floor for office users or a potential residential offering. The building also has rear right-of-way access and parking for two cars.
The 382 sqm* of Newport land sits on Commercial 1 zoning, lending itself to future development potential whilst sitting directly across from the Newport railway station and amongst the suburb’s retail and hospitality hot spots.
Anchored by The Junction Hotel next door, the strip sees a full house from 5 pm on Fridays, Saturdays and Sundays. Littered with a string of barbers, beauty therapists, hair salons, local wine stores, and yoga studios, Hall Street is the destination meeting point, while Newport is a busier-than-the-standard railway station thanks to the Werribee and Williamstown lines.
- Total building area: 300 sqm*.
- Freehold title: 382 sqm* of commercial 1 zoning.
- Exceptional & valuable ground-floor fit out as a hospitality premise (all hard fixtures to stay).
- New 3-year lease on the ground floor at $65,000 per annum. Vacant 110 sqm* first floor office.
- Total anticipated income: $95,000 per annum.
- 3 allocated car spaces at the rear with right-of-way access.
- 2 km* to the West Gate Freeway.
POINT OF VIEW:
A building catching glances from train commuters heading to and from the station, and those looking out the carriage window. This prime freehold title actually holds the title for the most strategic retail asset in the West.
*Approx.
Pricing excludes GST