17 Hall Street, Newport, Vic 3015

POINT OF INTEREST:

To be sold with vacant possession via Private Sale by Close Date. All offers are due on 24th September 2024 by midday.

This is a wonderful retail freehold hospitality opportunity featuring a marquee position right out the front of Newport railway station. To be sold with vacant possession and a $250,000 (approx*) fit out downstairs for a cafe / restaurant / bar and a vacant 1st floor office / service based retail occupier. 

Ground Floor:
Forming part of the total building area of 300 sqm*, the property’s ground floor retail space of 190 sqm* is currently fitted out as a large hospitality venue with over $250,000 (approx*) of fit out that is a walk in and operate for any hospitality operators looking to save substantially on opening a business up here. 

First Floor:
A further 110 sqm* is upstairs on the first floor for further space for the ground floor operation, office and service based retail users. It features kitchenettes, bathrooms and three open plan large spaces and comes with it’s own access right on Hall Street. Current interest to lease the 1st Floor is at $33,000 per annum net on the table.

The 382 sqm* of Newport land sits on Commercial 1 zoning, lending itself to future development potential whilst sitting directly across from the Newport railway station and amongst the suburb’s retail and hospitality hot spots. Anchored by The Junction Hotel next door, the strip sees a full house from 5 pm on Fridays, Saturdays and Sundays. Littered with a string of barbers, beauty therapists, hair salons, local wine stores, and yoga studios, Hall Street is the destination meeting point, while Newport is a busier-than-the-standard railway station thanks to the Werribee and Williamstown lines. 

THE POINTS:

-  Total building area: 300 sqm*.
-  Freehold title: 382 sqm* of commercial 1 zoning.
-  Exceptional & valuable ground-floor fit out as a hospitality premise.
- 1st floor lease interest there at $33,000 pa net.
-  Current Restaurant and Café Liquor License.
-  3 allocated car spaces at the rear with right-of-way access.
-  2 km* to the West Gate Freeway.

POINT OF VIEW:
A building catching glances from train commuters heading to and from the station, and those looking out the carriage window. This prime freehold title actually holds the title for the most strategic retail asset in the West.

*Approx.
Pricing excludes GST