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5 High Street, PRESTON VIC, 3072

Sold
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Property Sold in 5 High Street, PRESTON VIC, 3072

Listing ID:
11326122
Status:
Sold
Last Updated:
12/12/2019
Icon building

Property Type

Retail
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Land Area

N/A
Icon size

Floor Area

163 SQM
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Parking

N/A

Brand New Affordable Retail Investment

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.

For more details, please email agent

Savills Melbourne

Level 29, South Tower, 80 Collins Street, , Melbourne, VIC 3000


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