Elite Furniture, 8/19-33 Murray Road,
Preston, VIC 3072
Shops & Retail • Showrooms & Large Format Retail
Key property information
Floor area
Tenure type
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Gross Waddell ICR - Commercial
Level 1, 30 Collins StreetMELBOURNE, VIC 3000
Elite Furniture, 8/19-33 Murray Road
Preston, VIC 3072
Map of Elite Furniture, 8/19-33 Murray Road
Premium Showroom Investment within Bustling LFR Precinct
- Securely leased to a longstanding tenant
- Significant income profile
- Surrounded by ASX & national retailers
Gross Waddell ICR is thrilled to present for sale the Elite Furniture showroom located within the thriving Northland Homemaker Centre. Known as Unit 8, 19–33 Murray Road, Preston, this premium investment is situated in the heart of the action, surrounded by a plethora of national and ASX-listed retailers, and directly opposite Northland Shopping Centre.
• Strong rental history with an established long-term tenant returning $264,355.02 net per annum* (as at 1 January 2026)
• Elite Furniture has been a long-standing tenant and is securely leased until 31 December 2028 (including options)
• Fixed 4% annual increases, market review at options, and a 3-month security deposit in place
• Immaculately presented 1,033 sqm* showroom with rear RSD access and six allocated car parks dedicated to the tenant
• Northland Homemaker Centre is a proven LFR destination with a range of nationally recognised brands including The Good Guys, McDonald’s, Forty Winks, Freedom, Snooze, Fantastic Furniture, OZ Design, Focus on Furniture, and many more
• Perfectly positioned in Preston’s commercial centre and strategically located directly opposite Northland Shopping Centre, as well as being metres from Bunnings, Spotlight, and an array of thriving retailers
• The property services a strong local catchment and benefits from access via main arterials including Bell Street, Albert Street, and Plenty Road
The property is for sale via Expressions of Interest Closing on Wednesday 3rd December 2025 at 12:00 pm. For more information or to organise an inspection, please contact the team at Gross Waddell ICR.
*approx.
• Strong rental history with an established long-term tenant returning $264,355.02 net per annum* (as at 1 January 2026)
• Elite Furniture has been a long-standing tenant and is securely leased until 31 December 2028 (including options)
• Fixed 4% annual increases, market review at options, and a 3-month security deposit in place
• Immaculately presented 1,033 sqm* showroom with rear RSD access and six allocated car parks dedicated to the tenant
• Northland Homemaker Centre is a proven LFR destination with a range of nationally recognised brands including The Good Guys, McDonald’s, Forty Winks, Freedom, Snooze, Fantastic Furniture, OZ Design, Focus on Furniture, and many more
• Perfectly positioned in Preston’s commercial centre and strategically located directly opposite Northland Shopping Centre, as well as being metres from Bunnings, Spotlight, and an array of thriving retailers
• The property services a strong local catchment and benefits from access via main arterials including Bell Street, Albert Street, and Plenty Road
The property is for sale via Expressions of Interest Closing on Wednesday 3rd December 2025 at 12:00 pm. For more information or to organise an inspection, please contact the team at Gross Waddell ICR.
*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
Gross Waddell ICR - CommercialLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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