425 High Street,
Preston, VIC 3072

Shops & Retail

Key property information

Land area

Floor area

Parking info

Tenure type

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Map of 425 High Street

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PRIME INVESTMENT IN PRESTON ACTIVITY CENTRE

PRIME RETAIL STRIP LOCATION
LEASED INVESTMENT TO QUALITY TENANTS
PRIORITY DEVELOPMENT ZONE

* Land area: 289.2sqm*
* Building area: 264 sqm*
* Retail frontage to High Street of 5.8metres* plus frontage at the rear to Mary Street of 5.6metres*
* Current net income: $85,489.66 pa (plus GST)*
* 5 year lease commencing 1 April 2018
* 1 further term of 5 years
* Preston Activity Centre location within immediate proximity to Preston Market (at rear), Woolworths & Aldi supermarkets
* Walking distance to Preston Train Station

*approx.

CALL TODAY FOR AN IMMEDIATE INSPECTION!

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

Allard Shelton

Level 3, 267 Collins Street
MELBOURNE, VIC 3000