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1 Cope Street
Preston VIC 3072
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1 Cope Street Preston VIC 3072

  • Factory, Warehouse & Industrial
  • 8,128 m²
  • For Sale, Contact Agent

The Island Site Develop (STCA), Invest or Owner Occupy

  • Island Development Site
  • Going concern
  • Power & Gas

CBRE is pleased to exclusively present 1 Cope Street, Preston for sale via Private Sale.

Rarely do opportunities arise to acquire such a quality and sizable asset in Melbourne's inner northern suburbs. This unique island site of 8,817sqm* spread across five (5) titles and four (4) street frontages provides exceptional flexibility and potential outcomes for investors, developers (STCA), and owner-occupiers. Offered with a proposed two (2) year lease-back, this provides prospective purchasers with time to realise the maximum end outcome across the site.

Property Details:
+ Total Site Area: 8,817sqm*
+ Total Building Area: 8,128sqm*
+ Office Area: 576sqm*
+ Warehouse Area: 7,552sqm*
+ Four (4) Street Frontages
+ High Power (750kva)
+ Gas on-site
+ Multiple Gantry Cranes
+ Multiple Development outcomes (STCA)

Proposed Lease Back Details:
+ Tenant: Sneddon & Kingston Plastics Pty Ltd
+ Term: Two (2) Years
+ Options: One (1) Year
+ Rental: $825,000 per annum net plus GST ($101p/sqm)
+ Annual Reviews: 4% annually
*Please note, the above terms are proposed by the Vendor and they will provide consideration towards revised terms by the purchaser should it assist in reaching a mutually agreeable position.

Location Details:
+ Bell Street 277m*
+ Northland Shopping Centre 1.1km *
+ Bell Railway Station 2.3km*
+ Austin Hospital 2.45km *
+ Melbourne CBD 7.75km *

For further details on this property or your commercial property needs, please contact the marketing agents Jake George on 0421 221 019, Matt Romanin on 0412 888 428, Daniel Eramo on 0400 871 191 or Andrew Bell on 0456 810 999.

*Approx.

Property Highlights

Floor Area8,128 m²
Land Area8,817 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityVacant
Property ID2019211367
Category
Last updated  30 May 2024
Map for 1 Cope Street Preston VIC 3072

Property Highlights

Floor Area8,128 m²
Land Area8,817 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityVacant
Property ID2019211367
Category
Last updated  30 May 2024

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Property FAQs

The agent has not listed a sale price for 1 Cope Street Preston VIC 3072. Contact the agent for a price guide.
The floor area for 1 Cope Street Preston VIC 3072 is 8,128 m².
The land area of 1 Cope Street Preston VIC 3072 is 8,817 m².
Yes, there is on-site parking space available at 1 Cope Street Preston VIC 3072.
1 Cope Street Preston VIC 3072 is currently vacant.
The property highlights for 1 Cope Street Preston VIC 3072 are 'Island Development Site', 'Going concern' and 'Power & Gas'.
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