120 Mason StreetNewport VIC 3015
Property Details for 120 Mason St, Newport
Last Listing description (April 2023)
CBRE is pleased to present for your consideration this truly rare and exciting development opportunity situated on a substantial 5,425sqm* residential zoned landholding known as 120 Mason Street, Newport.
This exceptional property can be summarised by the following key attributes:
- A rare and sizeable 5,425sqm* landholding over six (6) title allotments.
- Flexible General Residential Zoning.
- Existing Warehouse Improvements with large at-grade parking area.
- Direct frontage and sweeping uninterrupted views of the Newport Lakes Reserve and Parklands.
- Would suit medium density residential development or residential aged care/ retirement village (STCA).
- Within walking distance to the Melbourne Road retail, food and lifestyle precinct, Altona Gate Shopping Centre and proximate to Williamstown Beach and Major Activity Centre.
- The area is well served by schools including Newport Lakes and Williamstown Primary Schools, and Williamstown Grammar School, and supported by ample public transport options including Newport Railway Station and bus services.
- Immediate access to the Westgate Freeway and only 7km* to Melbourne's CBD.
This commanding development site can accommodate a project of sizeable scope; scale and stage-ability. Perfectly positioned within the exceptional and vibrant activity hub, the location offers a high calibre of immediate surrounding retail, cafe and lifestyle amenities, as well as outstanding views of the Newport Lakes Reserve and adjoining parklands. An array of public transport options including trains and buses are available at the doorstep, with an abundance of schools and parklands all within walking distance to the site.
*approx.
Property History for 120 Mason St, Newport, VIC 3015
- 13 Aug 2016Sold for $9,130,000
- 17 Nov 2015Listed for Sale EOI closes Tuesday 15th December, 2015 at 5.00pm.
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About Newport 3015
The size of Newport is approximately 5.2 square kilometres. There are 22 parks, covering nearly 15.4% of the total area. The population of Newport in 2016 was 12916 people. By 2021 the population was 13658 showing a population growth of 5.7% in the area during that time. The predominant age group in Newport is 40-49 years. Households in Newport are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Newport work in a professional occupation.In 2021, 69.50% of the homes in Newport were owner-occupied compared with 69.20% in 2016.
Newport has 6,599 properties. Over the last 5 years, Houses in Newport have seen a -6.72% decrease in median value, while Units have seen a -0.55% decrease. As at 31 July 2026:
- The median value for Houses in Newport is $1,184,315 while the median value for Units is $741,684.
- Houses have a median rent of $740 while Units have a median rent of $630.
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