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5 High Street, Preston VIC 3072

  • Retail
  • Floor Size163 m²
  • PriceFor Sale, Contact Agent

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

Property Highlights

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

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