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Sold on 12 Dec 2019

5 High Street Preston VIC 3072

  • Shop & Retail
  • 163 m²
  • Sold

Brand New Affordable Retail Investment

  • Brand New Modern Retail
  • New 5+5+5 Lease
  • High Quality Tenant

Savills Melbourne is delighted to offer for sale this brand new retail tenancy in Melbourne’s evolving northern suburbs at 5 High Street, Preston. This property represents a fantastic opportunity to secure a prime retail investment with a new long-term lease with options to a highly reputable tenant.

The key attributes of the property include:
- Brand new 163sq m* retail premises
- New 5+5+5 year lease from January 2018
- Net Rental: $54,080 per annum* (as at Jan 2019) + Outgoings
- Fixed annual 4% rental reviews
- Includes 2 secure car spaces on title
- Well renowned tenant ‘I Love Dumplings’ with 6 venues across Melbourne
- Situated to the ground floor of the state of the art ‘9High’ mixed-use development
- Premium High Street location, offering some of Melbourne’s best retail and lifestyle amenity
- A proven retail market within a rapidly evolving inner northern suburb!

For further information please contact:

Nick Peden - 0402 011 266
Mark Stafford - 0404 401 053
Glenn Ye - 0476 938 888

*Approx.

Supporting Documents

Supporting Document 1
Address5 High Street Preston VIC 3072
ZoningC1Z - Commercial 1 Zone (C1Z)
CouncilDAREBIN CITY
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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Property Highlights

Property ID2014784461
Date Sold12 Dec 2019
Floor Area163 m²
Land AreaAsk Agent
ParkingAsk Agent
Building TypePartial building
Category
Last updated  7 Dec 2018
Map for 5 High Street Preston VIC 3072
Map for 5 High Street Preston VIC 30725 High Street Preston VIC 3072
Savills Melbourne
Level 48, 80 Collins Street Melbourne VIC 3000

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