40 Phillip Island RoadNewhaven VIC 3925
Property Details for 40 Phillip Island Rd, Newhaven
Last Listing description (December 2023)
Located at the gateway to Phillip Island, this unique property stands out with its remarkable features and advantageous positioning. With an 18 meter frontage this property catches the eye of every passerby as they cross the bridge. The property spans across an impressive 652m2, the building itself covers an internal floor space of 200m2, providing a solid foundation for future endeavors.
The property's mixed zone classification offers the flexibility to continue using it as a commercial site or to explore residential options. This flexibility provides a golden opportunity for creative entrepreneurs, investors, or families looking to make the most of this prime location.
For those with a vision, the property offers the potential for expansion or redevelopment (Subject to Council Approval). The large dimensions of the property, combined with the freedom to build, make it an ideal canvas to bring your ideas to life and maximize its potential.
What truly sets this property apart is its rich history and unique character. Crafted on site by one of the founding families of Phillip Island, the current building features mud bricks that exude a sense of heritage and charm. This one-of-a-kind aspect adds a distinctive touch to the property, making it a standout choice for those looking to blend history with contemporary use.
The property is not only visually appealing but also practical. It offers ample off-street parking, ensuring convenience for visitors and customers. Additionally, the presence of a kitchenette and bathroom facilities adds to its functionality.
The property is equipped with three-phase power, providing the opportunity for a variety of businesses to operate efficiently. This modern infrastructure is a valuable asset that can cater to the diverse needs of potential occupants.
Don't miss this opportunity, contact Madison today on 5923 8119.
Property History for 40 Phillip Island Rd, Newhaven, VIC 3925
- 05 Aug 2024Sold for $781,000
- 29 Aug 2023Listed for Sale $949,000 plus GST
- 24 Jun 2023Listed for Rent $36,000 / month
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About Newhaven 3925
The size of Newhaven is approximately 6.7 square kilometres. There are 5 parks, covering nearly 5.6% of the total area. The population of Newhaven in 2016 was 449 people. By 2021 the population was 547 showing a population growth of 21.8% in the area during that time. The predominant age group in Newhaven is 60-69 years. Households in Newhaven are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newhaven work in a professional occupation.In 2021, 82.80% of the homes in Newhaven were owner-occupied compared with 76.30% in 2016.
Newhaven has 479 properties. Over the last 5 years, Houses in Newhaven have seen a 11.84% increase in median value, while Units have seen a 6.03% increase. As at 30 April 2026:
- The median value for Houses in Newhaven is $805,195 while the median value for Units is $552,234.
- Houses have a median rent of $308.
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