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286-296 Melbourne Road, Newport, VIC, 3015
Newport
CBRE Australian Healthcare & Social Infrastructure is delighted to offer for sale 286-296 Melbourne Road, Newport – A former Residential Aged Care Home with 37 rooms and surplus adjoining residential holdings across three (3) titles allowing immediate occupation, renovation, expansion or a mixed-use outcome.
With dual street frontage, access to the property is possible via both Melbourne Road and Franklin Street with the Douglas Parade retail village located within walking distance (>1km*).
+Valuable existing single-level improvements featuring 37 rooms and oversized communal spaces and courtyard
+High exposure landholding of 3,178sqm* with dual access points to Melbourne Road and Franklin Street - combined street frontage of 150m*
+Three (3) individual titles, all zoned General Residential Zoning allowing multiple potential outcomes (STCA)
+Existing building area of 1,060 sqm* (RACF only) with a projected fully leased income of $325,000 - $400,000 p.a and ample on-site parking plus surrounding all-day street options
+Suited to a variety of end users including Aged Care, Hospital, Childcare, Rehab, land-banking, Supported Residential Services, Specialist Disability Accommodation, and more (STCA)
LOCATION
+ Bordering the Williamstown and Newport activity and retail centre – walking distance to top performing Coles Supermarket and surrounded by national retailers including CBA, NAB, Priceline, Telstra and Australia Post
+Circa 1.0km* to Williamstown foreshore and 600m* from Newport Train Station catering to a wide reaching and established residential catchment area
+High exposure location with over 23,000* vehicles passing daily (Melbourne Road)
+Proven historical growth location with Newport’s median house price having increased circa 68%* Since 2015 with a median house price of $1,240,000 (Sept-24)
For further information, please contact the exclusive sales and marketing agents:
Marcello Caspani-Muto
+61 417 065 777
Sandro Peluso
+61 418 389 757
Jimmy Tat
+61 439 399 118
approx*
Remember to mention you found this property on CommercialReady
CBRE Australian Healthcare & Social Infrastructure is delighted to offer for sale 286-296 Melbourne Road, Newport – A former Residential Aged Care Home with 37 rooms and surplus adjoining residential holdings across three (3) titles allowing immediate occupation, renovation, expansion or a mixed-use outcome.
With dual street frontage, access to the property is possible via both Melbourne Road and Franklin Street with the Douglas Parade retail village located within walking distance (>1km*).
+Valuable existing single-level improvements featuring 37 rooms and oversized communal spaces and courtyard
+High exposure landholding of 3,178sqm* with dual access points to Melbourne Road and Franklin Street - combined street frontage of 150m*
+Three (3) individual titles, all zoned General Residential Zoning allowing multiple potential outcomes (STCA)
+Existing building area of 1,060 sqm* (RACF only) with a projected fully leased income of $325,000 - $400,000 p.a and ample on-site parking plus surrounding all-day street options
+Suited to a variety of end users including Aged Care, Hospital, Childcare, Rehab, land-banking, Supported Residential Services, Specialist Disability Accommodation, and more (STCA)
LOCATION
+ Bordering the Williamstown and Newport activity and retail centre – walking distance to top performing Coles Supermarket and surrounded by national retailers including CBA, NAB, Priceline, Telstra and Australia Post
+Circa 1.0km* to Williamstown foreshore and 600m* from Newport Train Station catering to a wide reaching and established residential catchment area
+High exposure location with over 23,000* vehicles passing daily (Melbourne Road)
+Proven historical growth location with Newport’s median house price having increased circa 68%* Since 2015 with a median house price of $1,240,000 (Sept-24)
For further information, please contact the exclusive sales and marketing agents:
Marcello Caspani-Muto
+61 417 065 777
Sandro Peluso
+61 418 389 757
Jimmy Tat
+61 439 399 118
approx*
Remember to mention you found this property on CommercialReady
286-296 Melbourne Road, Newport, VIC, 3015
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
