Watch Watch
Your home of Commercial Ready videos
Watch Watch
Back

380 High Street, Preston, VIC, 3072

+17 Photos
/
Images
Close

380 High Street, Preston, VIC, 3072

Preston

×
+19 Photos

380 High Street, Preston, VIC, 3072

Preston

380 High Street, Preston, VIC, 3072

380 High Street, Preston, VIC, 3072

Properties / Buy / Victoria / Preston
Tenanted Investment

1. Property Summary

Selling Method
Auction
Selling Details
Contact Agent
Land Area
315 m² (*approx)
Floor Area
170 m² (*approx)
Property Type
Retail
Est. Income
$130,000 p/a
Show All

2. Property Highlights

NEW 10 YEAR LEASE – PRIME CELLARBRATIONS LIQUOR INVESTMENT
  • Perfect Position In Thriving Precinct
  • Expansive Landholding of 315sqm*
  • Returning $130,000 Per Annum

Fitzroys in conjunction with Mulcahy Butera are pleased to present this high profile investment opportunity situated at 380 High Street, Preston for sale via Public Auction on Wednesday 30th April at 1pm on site.

Key attributes include:

- Located in the heart of one of Melbourne’s busiest shopping strips with over 18,000* cars passing daily

- Valuable inner city land holding of 315sqm* across two titles

- Opposite the famous Preston Market and surrounded by a strong mix of national retailers including Woolworths, Aldi, Chemist Warehouse, CBA, ANZ along with popular eateries

- Rarely found freehold with double retail strip frontage of 10.4* metres

- Long term 10 year lease plus options to highly successful nationally branded liquor retailer

- Cellarbrations is one of the largest independent retail liquor brands with over 700 stores across Australia

- Rental return of $130,000 per annum plus outgoings and GST

- Fixed annual rental increases of 4% providing excellent built in income growth

- On site parking with convenient rear access via roadway

- Outstanding transport amenities nearby including the recently upgraded Preston Train Station (280m* west)

- Exciting opportunity to invest in a high performing location with scope for future development upside

For further details or an inspection, please contact Fitzroys or Mulcahy Butera

Remember to mention you found this property on CommercialReady

Read More
Dataroom
Tenanted Investment
Tenanted Investment

1. Property Summary

Property Type
Retail
Est. Income
$130,000 p/a
Land Area
315 m² (*approx)
Floor Area
170 m² (*approx)
Selling Method
Auction
DATAROOM AVAILABLE
Gain Access
Auction Date
30 Apr 2025 01:00PM
Selling Details
Contact Agent

2. Property Highlights

NEW 10 YEAR LEASE – PRIME CELLARBRATIONS LIQUOR INVESTMENT
  • Perfect Position In Thriving Precinct
  • Expansive Landholding of 315sqm*
  • Returning $130,000 Per Annum

Fitzroys in conjunction with Mulcahy Butera are pleased to present this high profile investment opportunity situated at 380 High Street, Preston for sale via Public Auction on Wednesday 30th April at 1pm on site.

Key attributes include:

- Located in the heart of one of Melbourne’s busiest shopping strips with over 18,000* cars passing daily

- Valuable inner city land holding of 315sqm* across two titles

- Opposite the famous Preston Market and surrounded by a strong mix of national retailers including Woolworths, Aldi, Chemist Warehouse, CBA, ANZ along with popular eateries

- Rarely found freehold with double retail strip frontage of 10.4* metres

- Long term 10 year lease plus options to highly successful nationally branded liquor retailer

- Cellarbrations is one of the largest independent retail liquor brands with over 700 stores across Australia

- Rental return of $130,000 per annum plus outgoings and GST

- Fixed annual rental increases of 4% providing excellent built in income growth

- On site parking with convenient rear access via roadway

- Outstanding transport amenities nearby including the recently upgraded Preston Train Station (280m* west)

- Exciting opportunity to invest in a high performing location with scope for future development upside

For further details or an inspection, please contact Fitzroys or Mulcahy Butera

Remember to mention you found this property on CommercialReady

Read More
Dataroom
Tenanted Investment

4. Property Location

380 High Street, Preston, VIC, 3072

Property Map
Enquire
calculator-icon Yield Calculator
calcultor-icon Yield Calculator