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455 Melbourne Rd 1,291 SF Office Condo Unit in Newport, VIC 3015
Investment Highlights
- Prominent corner building on Melbourne Road offering maximum street visibility and consistent traffic exposure.
- Positioned approximately 180 meters from Newport Railway Station and next to a major bus interchange, providing strong connectivity.
- Integrated basement parking supporting practicality for occupants and visitors across multiple uses.
- Located less than 7 kilometers from Melbourne CBD with direct access to major arterial roads and transport linkages.
- Surrounded by established national brands, supermarkets, and service retailers in a densely developed commercial precinct.
- Situated in an area with a balanced mix of residential, commercial, and lifestyle amenities, enhancing long-term demand and tenancy appeal.
Executive Summary
The property at 455 Melbourne Road, Newport, VIC 3015 is a mixed-use building located approximately seven kilometers from Melbourne’s central business district within the Hobsons Bay municipality. The site occupies a prominent corner position along Melbourne Road with immediate access to major transport networks, including the nearby Newport Railway Station situated about 180 meters away and adjoining bus routes. Surrounding uses include national retailers, automotive services, supermarkets, dining establishments, and local services, contributing to a well-established commercial precinct. The building provides basement parking facilities and is situated within an area that combines retail, office, and residential development patterns, supported by nearby amenities and connectivity to arterial roads serving inner and western Melbourne.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 2 |
| Cap Rate | 6.00% |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| No. Parking Spaces | 2 |
Description
The property is a ground floor retail unit located at 455 Melbourne Road in Newport, Victoria. It has an internal area of approximately 120 square meters and includes two allocated basement car parking spaces. The unit is currently leased to AtWork Australia Pty Ltd on a term of two years with one option year. The agreed annual rental is $58,917, with fixed annual rental increases. The unit forms part of a larger mixed-use development and is positioned near public transport services, approximately 180 meters from Newport Railway Station. The surrounding area contains other retail uses, service providers, and residential properties. The property falls under the Hobsons Bay municipality.
Sale Notes
Position your portfolio for growth with this high-exposure corner investment in Melbourne’s thriving inner west. This fully leased retail opportunity at 455 Melbourne Road places you in one of the area’s busiest traffic corridors, just 7 kilometers from the CBD. Secure immediate income of $58,917 per annum from AtWork Australia Pty Ltd under a two-year term plus option, complemented by annual reviews for built-in rental uplift.
Only 180 meters from Newport Railway Station with direct bus connections, the property ensures unmatched accessibility for occupants and patrons. Two secure basement car spaces add leasing versatility, while the surrounding mix of national brands, local retailers, and lifestyle amenities reinforces asset stability. This is a rare entry-level, corner-positioned investment offering strong fundamentals and long-term upside.
Only 180 meters from Newport Railway Station with direct bus connections, the property ensures unmatched accessibility for occupants and patrons. Two secure basement car spaces add leasing versatility, while the surrounding mix of national brands, local retailers, and lifestyle amenities reinforces asset stability. This is a rare entry-level, corner-positioned investment offering strong fundamentals and long-term upside.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit GO3 | 1,291 SF | Office | Upon Request | - |
Unit GO3
| Unit Size |
| 1,291 SF |
| Condo Use |
| Office |
| Price |
| Upon Request |
| NOI |
| - |
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Unit GO3
| Unit Size | 1,291 SF |
| Condo Use | Office |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| No. Parking Spaces | 2 |
| Description | |
| The property is a ground floor retail unit located at 455 Melbourne Road in Newport, Victoria. It has an internal area of approximately 120 square meters and includes two allocated basement car parking spaces. The unit is currently leased to AtWork Australia Pty Ltd on a term of two years with one option year. The agreed annual rental is $58,917, with fixed annual rental increases. The unit forms part of a larger mixed-use development and is positioned near public transport services, approximately 180 meters from Newport Railway Station. The surrounding area contains other retail uses, service providers, and residential properties. The property falls under the Hobsons Bay municipality.</li></ul> | |
| Sale Notes | |
| Position your portfolio for growth with this high-exposure corner investment in Melbourne’s thriving inner west. This fully leased retail opportunity at 455 Melbourne Road places you in one of the area’s busiest traffic corridors, just 7 kilometers from the CBD. Secure immediate income of $58,917 per annum from AtWork Australia Pty Ltd under a two-year term plus option, complemented by annual reviews for built-in rental uplift.<br> <br> Only 180 meters from Newport Railway Station with direct bus connections, the property ensures unmatched accessibility for occupants and patrons. Two secure basement car spaces add leasing versatility, while the surrounding mix of national brands, local retailers, and lifestyle amenities reinforces asset stability. This is a rare entry-level, corner-positioned investment offering strong fundamentals and long-term upside.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 55,692 SF | Floors | 5 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 55,692 SF |
| Property Subtype | Apartment | Lot Size | 0.29 AC |
| Building Class | B |
| Total Building Size | 55,692 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 55,692 SF |
| Lot Size | 0.29 AC |
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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455 Melbourne Rd
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