319 High Street,
Preston, VIC 3072
Shops & Retail
Key property information
Land area
Floor area
Tenure type
Sold on
Fitzroys - Melbourne
Level 27, 360 Collins StreetMELBOURNE, VIC 3000
319 High Street
Preston, VIC 3072
Map of 319 High Street
Affordable Freehold With Value Add Potential
- Prominent Shop And Dwelling
- Leased to Long Standing Tenant
- Rapidly Developing Precinct
Fitzroys is delighted to offer 319 High Street, Preston for sale as part of its “Melbourne Retail Portfolio Auction” on Thursday 23rd June at Leonda By The Yarra, Hawthorn at 11am.
Key attributes:
- Land area of 206sqm* with an extensive frontage to High Street of 5.8 metres*
- 2 Storey building comprising ground floor restaurant plus 2 bedroom first floor dwelling
- Leased to long standing tenant of over 10 years, Pad Cha
- Returning $39,092* per annum plus outgoings and GST
- Lease term: 3 years from April 2021 with no option
- Fixed 5% increases per annum
- Within highly flexible “Priority Development” zone
- On-site parking for 2 cars with access from Bruce Street
- Excellent transport amenities nearby with the Bell Train Station within walking distance and easy vehicle access to Bell Street, Plenty and St Georges Roads
FOR SALE BY PUBLIC AUCTION AT LEONDA, HAWTHORN, THURSDAY 23RD JUNE FROM 11.00AM
*approx.
Key attributes:
- Land area of 206sqm* with an extensive frontage to High Street of 5.8 metres*
- 2 Storey building comprising ground floor restaurant plus 2 bedroom first floor dwelling
- Leased to long standing tenant of over 10 years, Pad Cha
- Returning $39,092* per annum plus outgoings and GST
- Lease term: 3 years from April 2021 with no option
- Fixed 5% increases per annum
- Within highly flexible “Priority Development” zone
- On-site parking for 2 cars with access from Bruce Street
- Excellent transport amenities nearby with the Bell Train Station within walking distance and easy vehicle access to Bell Street, Plenty and St Georges Roads
FOR SALE BY PUBLIC AUCTION AT LEONDA, HAWTHORN, THURSDAY 23RD JUNE FROM 11.00AM
*approx.
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
Fitzroys - MelbourneLevel 27, 360 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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