56-58 Oakover Road & 1 Newman Street,
Preston, VIC 3072

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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.

Property ID: 503298674Last Updated: 5 Aug 2022