653 High Street Preston VIC 3072

Steveway Real Estate is delighted to be offering this high profile investment or future development (s.t.c.a). located in this high growth area amongst retail and residential developments nearby.

The key attributes of this exceptional opportunity includes:

Prime Retail Strip Location
Ideal Future Development Opportunity (s.t.c.a.)
Land Area: 191 sqm approx
Building Area: 108 sqm approx

Single level building with retail office areas, kitchen/break out area, bathroom, excellent rear roller door access for two car accommodation.

Currently returning $24,288.48 per annum plus outgoings plus GST with rental increases yearly by 3%.

Lease Term: Five (5) Years commenced on the 08/09/2016
Further Term: Five (5) Years

Zoning: Priority Development Zone

Ideal for investor, owner occupier or developer (s.t.c.a).

Excellent access to major arterials and the CBD

Outgoings paid by tenant estimated at:

Council Rates - $2,420.00 per annum
Water Rates - $1,100.00 per annum