CBRE, under instruction of Newpoint Advisory acting as Receiver and Manager, is pleased to present for sale 3 Ollerton Avenue, Newborough. The property is a multi-unit apartment building of 24 residential units on a substantial 6,847sqm* Mixed Use Zone landholding. 23 of the 24 units are currently leased.

Opportunities like this are rare: a near fully leased residential investment with strong gross income on a large, flexibly zoned site, minutes from Moe’s transport, retail and lifestyle amenities. Leasing the one vacant unit offers immediate upside in rental income.

Key highlights of the opportunity include:

+ Multi-unit apartment building of 24 residential units, with a mix of 1-bedroom and 2-bedroom apartments.
+ Gross rent of $345,280* pa from 23 separate residential tenancies, so the income is spread across many tenants rather than relying on one
+ Substantial 6,847sqm* landholding with 44.29m* of frontage to Ollerton Avenue
+ Mixed Use Zone, allowing a range of residential and commercial uses over the long term (STCA)
+ 1.6km* from Moe Train Station, giving residents convenient rail access
+ Close to Narracan Drive (16,700* vehicles daily) and the Princes Freeway (21,000* vehicles daily), with excellent road connections across Gippsland
+ Moe Plaza is 1.7km* away, with tenants including Direct Chemist Outlet, Snap Fitness and CBA. Coles, Woolworths, Kmart, KFC, Hungry Jack’s, BWS and Liquorland are also nearby
+ 700m* from Moe Botanical Gardens and 3km* from Lake Narracan, offering residents outdoor and recreational amenity
+ Gross Income $345,280* pa

3 Ollerton Avenue, Newborough is for sale via Expressions of Interest closing Thursday 10th December 2026 at 2:00pm (AEDT).

Please contact the exclusive selling agents at CBRE for further information.

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au

Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 116 (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)

*Denotes Approx.