development site sale: 120 mason street, newport

development site sale: 120 mason street, newport


February 2016
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Development Site Sale: 120 Mason Street, Newport

The Victorian Development Site Sales arm of  CBRE Melbourne have sold yet another project on the outskirts of Melbourne's CBD, with a 5425sqm site across six title allotments selling in Newport.


The property, 120 Mason Street, boasted flexible General Residential Zoning in addition to multiple street frontages on Mason Street and Dawson Street respectively.


Advertised as suiting a ‘medium density residential or residential aged care / retirement village’ development, the site offered sweeping views over Newport Lakes Reserve and surrounding Parklands, all within 7km of the CBD.