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Versatile Newport Freehold With Upside
Fitzroys is delighted to offer to the market 419 Melbourne Road, Newport for sale.
Keys features of this property include:
- First time offered in 30 years!
- Suits investors, occupiers or developers (STPA)
- Land area of 240sqm* plus rear access to garage/studio via R.O.W
- Excellent frontage of 6.1 metres*.
- Significant value-add potential (STPA)
- Offered with short term holding income
- Development plans prepared for 3 level mixed use project comprising retail and residential apartments plus off-street parking
- Surrounded by outstanding public car parking options
- Only 50 metres* to Newport Railway Station plus direct access to Mason Street bus interchange
- Positioned amongst national retailers including 7-Eleven, Beaurepaires, IGA Supermarket, Cellarbrations, PharmaSave along with well-regarded local cafes and eateries
- Affordable opportunity to acquire freehold with excellent development potential