337 High Street , Preston

71.00m2
Retail
Contact Agent

PRIME RETAIL INVESTMENT OFFERING SECURE NEW LEASE

** SOLD **

Gross Waddell ICR is pleased to offer this boutique retail investment within High Street’s buzzing retail precinct, as part of the ‘The Neighbourhood Collection’.

https://signatureauctionseries.com.au/

• Situated in a prime position on High Street and within the heart of Preston’s Activity Centre

• Brand new 5-year lease with a further 5-year option

• Returning $30,000 net per annum* with fixed 4% annual increases

• Favourable Priority Development Zone (PDZ2) on 192 sqm* of land with surrounding multi storey height precedent

• Supreme position along High Street with rear lane access and an abundance of public parking at the rear

• Preston is a thriving retail catchment offering a large collection of supermarkets, large format retail, cafes, restaurants, boutique fashion stores plus much more

• Close proximity to Preston train station and the ever popular Preston Market

• Preston is one of Melbourne’s high achievers with a thriving median house price of $1,740,000 (source REIV)

The property is to be sold via Public Auction as part of the ‘The Neighbourhood Collection’ and held at Leonda by the Yarra from 11 am on Thursday the 13th of October 2022. For further information or to organise an inspection, please contact Gross Waddell ICR directly.

*Approx.

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Level 1, 30 Collins Street
Melbourne VIC 3000