5 High Street Preston VIC 3072

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:

Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888

*Approx.