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Colliers is pleased to offer 43 Commercial Road, Newstead for Sale via Public Auction on Thursday, 9 October at 11:30am (AEST) in-rooms.
The existing development features four (4) residential units located in the heart of Newstead, prominently positioned on the bustling Commercial Road, and sitting on a generous 569sqm parcel of land. Additionally, the site comes with Development Approval for a six (6) level commercial office building, which includes 1,794sqm* of Net Lettable Area (NLA) and 8 parking spaces. The current income generated from the residential units offers developers or value-add investors a steady income stream while they plan the next steps for this exceptional opportunity.
Under instructions from Michael McCann and Graham Killer as Agents for the Mortgagee in Possession.
*Approximately
Remember to mention you found this property on DevelopmentReady
Colliers is pleased to offer 43 Commercial Road, Newstead for Sale via Public Auction on Thursday, 9 October at 11:30am (AEST) in-rooms.
The existing development features four (4) residential units located in the heart of Newstead, prominently positioned on the bustling Commercial Road, and sitting on a generous 569sqm parcel of land. Additionally, the site comes with Development Approval for a six (6) level commercial office building, which includes 1,794sqm* of Net Lettable Area (NLA) and 8 parking spaces. The current income generated from the residential units offers developers or value-add investors a steady income stream while they plan the next steps for this exceptional opportunity.
Under instructions from Michael McCann and Graham Killer as Agents for the Mortgagee in Possession.
*Approximately
Remember to mention you found this property on DevelopmentReady
Developments and amenities within a 5km radius of the asset.
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