641 Plenty Road,
Preston, VIC 3072
Shops & Retail
Price information
Sale
$1,680,000 excluding GST
Key property information
Land area
Floor area
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$108,000
Number of Tenants
3 Tenants
Private inspections
to arrange a private inspection.
Map of 641 Plenty Road
Train stations within 5 km of 641 Plenty Road, Preston, VIC 3072 Distance Regent Station 1.1 km Preston Station 1.5 km Reservoir Railway Station 1.7 km Bell Station 2 km Ruthven Station 2.6 km POWERED BY HERE ©Tram stops within 5 km of 641 Plenty Road, Preston, VIC 3072 Distance 51-Wood St/Plenty Rd (Preston) 335 m 53-Ethel GR/Plenty Rd (Reservoir) 372 m 50-Sylvester GR/Plenty Rd (Preston) 637 m 49-Murray Rd/Plenty Rd (Preston) 854 m 48-Gower St/Plenty Rd (Preston) 1.1 km POWERED BY HERE ©Bus stops within 5 km of 641 Plenty Road, Preston, VIC 3072 Distance Tyler St/Oakhill Ave (Reservoir) 48 m Tyler St/Plenty Rd (Preston) 57 m Plenty Rd/Tyler St (Preston) 70 m Frier Ave/Plenty Rd (Reservoir) 151 m Plenty Rd/Walsal Ave (Reservoir) 237 m POWERED BY HERE ©
POWERED BY HERE ©
Multi Tenanted Investment – Circa 6.4% Return
- Rental income of $108,000* p.a. Net +GST
- Multi Tenanted Investment
- 4 Shops, 1 Title
Gross Waddell ICR is pleased to present 641 Plenty Road, Preston for sale.
At the peak of Metropolitan Melbourne sits a property ripe with promise in the bustling hospitality scene. This is a unique opportunity to secure a multi tenanted investment in a prime Preston location.
This property consists of 4 shops on one title, 641 Plenty Road & 235a, 235b, 235c Tyler Street, Preston with a current rental income of $108,000* p.a. Net plus GST.
This double-storey corner property sees substantial daily traffic, benefiting from high exposure. Surrounded by neighbourhood favourites like Ragtime Tavern, This Borderland, Tavolata, & Hardout, this area buzzes with opportunity & community spirit.
• Rental income of $108,000* p.a. Net +GST
• 641 Plenty Rd & 235A Tyler St: Nord Bar: $76,000* p.a. Net +GST with 4% annual increases – 3 + 3 + 3 year lease
• 235B Tyler St: Video Days: $18,000* p.a. Gross +GST with 4% annual increases – 2 + 2 + 2 year lease
• 235C Tyler St: Think Good Psychology: $18,000* p.a. Gross +GST with 4% annual increases – 2 + 2 + 2 year lease
• Large double storey corner property consists of the established restaurant bar known as ‘Nord Bar’, with a solid clientele base and late-night liquor license.
• High exposure corner with a huge amount of passing traffic daily.
• 40 m* Street frontage to Plenty Rd and Tyler St
• The commercial 1 zoning (C1Z) provides the ultimate future development flexibility (STCA)
(stca) = subject to council approval
*approx.
Inspections are by appointment only, kindly contact one of the exclusive selling agents from Gross Waddell ICR.
At the peak of Metropolitan Melbourne sits a property ripe with promise in the bustling hospitality scene. This is a unique opportunity to secure a multi tenanted investment in a prime Preston location.
This property consists of 4 shops on one title, 641 Plenty Road & 235a, 235b, 235c Tyler Street, Preston with a current rental income of $108,000* p.a. Net plus GST.
This double-storey corner property sees substantial daily traffic, benefiting from high exposure. Surrounded by neighbourhood favourites like Ragtime Tavern, This Borderland, Tavolata, & Hardout, this area buzzes with opportunity & community spirit.
• Rental income of $108,000* p.a. Net +GST
• 641 Plenty Rd & 235A Tyler St: Nord Bar: $76,000* p.a. Net +GST with 4% annual increases – 3 + 3 + 3 year lease
• 235B Tyler St: Video Days: $18,000* p.a. Gross +GST with 4% annual increases – 2 + 2 + 2 year lease
• 235C Tyler St: Think Good Psychology: $18,000* p.a. Gross +GST with 4% annual increases – 2 + 2 + 2 year lease
• Large double storey corner property consists of the established restaurant bar known as ‘Nord Bar’, with a solid clientele base and late-night liquor license.
• High exposure corner with a huge amount of passing traffic daily.
• 40 m* Street frontage to Plenty Rd and Tyler St
• The commercial 1 zoning (C1Z) provides the ultimate future development flexibility (STCA)
(stca) = subject to council approval
*approx.
Inspections are by appointment only, kindly contact one of the exclusive selling agents from Gross Waddell ICR.
Property ID: 504489132Last Updated: 19 Apr 2024
641 Plenty Road
Preston, VIC 3072
Gross Waddell ICR Pty Ltd - MelbourneLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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