A BLUE(STONE)CHIP OPPORTUNITY

For Sale – Leased Investment - 481 Melbourne Road, Newport

Investment opportunity, Development/Land (Residential, Childcare, Medical, Hotel/Leisure), Hotel/Leisure

Overview

Property ID: 18596
Price: Contact Agent
Rent: $0 (ex. GST)
Building: 810m²
Land: 1,606m²
Zoning: General Residential Zone

Description

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.
- Potential 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 Info

Features
TenancyNewport Homestay and Lodge Pty Ltd
Lease TermThree (3) years
Commenced22nd September 2018
Outgoings Payableby the tenant
Air ConditionerYes to accomodation
AvailabilityUpon Settlement
Car Parking FeesNil
Car SpacesAmple on site
ConditionVery good
Suitable DevelopmentResidential + More (STCA)
Wheel Chair AccessYes
ZoningGeneral Residential Zone
Outgoings
Owners’ CorporationN/A
Council Rates$11,340 per annum plus GST *
Water Rates$910.00 per annum plus GST *
Land TaxTBA
Essential Safety MeasuresTBA

Agent Details

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