2 Grieves St, Newport VIC 3015

Properties of this scale simply do not hit the open market in Newport. Held tightly within the same family for generations, 2 Grieves Street is one of the most significant and versatile landholdings to be offered in the inner west for many years. Positioned on a commanding 1,000sqm allotment, the property comprises an original 1950s three-bedroom home at the front and six one-bedroom apartments at the rear, all to be sold together and all offered with vacant possession.

This is a rare chance to secure a fully intact multi-dwelling freehold in a location where these assets almost never trade publicly. The existing buildings provide enormous scope to renovate the flats and the main residence to lift returns and create a high-performing, set-and-forget investment. Alternatively, the entire site invites a major redevelopment. With its land size, width and position, the property presents the possibility for a larger multi-dwelling project exceeding the current seven residences, subject to council approval. For those with a long-term vision, it also offers the perfect canvas to clear the site and create a landmark family estate with Loft Reserve as your neighbour.

The location elevates the offering even further. Situated just off Blenheim Road and moments from one of the area's primary places of worship, this pocket is highly regarded for its community connection, cultural significance and everyday convenience. Proximity here is prized and rarely available, making this address especially desirable to buyers seeking closeness to key lifestyle and spiritual amenities.