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56-58 Oakover Road & 1 Newman Street Preston

  • 1,331 sqm / approx

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.

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  • 1,331 sqm / approx

Price Guide

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Auction Date

56-58 Oakover Road & 1 Newman Street Preston
56-58 Oakover Road & 1 Newman Street Preston
Preston, VIC 3072
Thu 19th Sep, 1:00pm


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