14C Gilbert Road,
Preston, VIC 3072

Shops & Retail • Other

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Map of 14C Gilbert Road

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Blue Chip Investment In Thriving Preston

High exposure - Commercial 1 Zoning
Yearly return $22,278.84 +GST +Outgoings
Building area of 59sqm approx

A cafe set amongst the up and coming Gilbert Road and Miller Street shopping strip, this modernized shop front that boasts great exposure with direct access to transport will appeal to those keen on capitalising on a high profile low-maintenance investment.

- Occupied by a trendy cafe with a yearly rental return of $22,278.84 + GST + Outgoings.
- Leased until 2021 with a further 5 x 5 year option.
- Fixed rent increase of 3% on each anniversary of the commencement date.
- New and modern design with a building area of 59sqm approx.
- High exposure setting with Commercial 1 Zoning, (C1Z).
- Open café seating area plus kitchenette with toilet.
- Single car space.
- Serviced by the No 11 tram.
- On the fringes of the Thornbury border.

Preston, 3072 demographic data

The median household income for Preston is $1,844, 3% lower than Greater Melbourne's household income of $1,901. Preston has a similar age profile compared to the rest of Greater Melbourne (median age 37). Property ownership data shows 51% of property owners in Preston have a mortgage.

33,790

Population

$1,844 per week

Median household income

37 years

Median age

Owners

Most residents

Families

Most households