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CBRE - Melbourne

Preston Toyota, 687-705 High Street Preston, VIC 3072

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Preston Toyota, 687-705 High Street,
Preston, VIC 3072

Shops & Retail • Development Sites & Land

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CBRE - Melbourne
Jing Jun Heng
Nathan Mufale
David Minty

CBRE - Melbourne

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
CBRE - Melbourne
Preston Toyota, 687-705 High Street
Preston, VIC 3072

Map of Preston Toyota, 687-705 High Street

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AN INTERGENERATIONAL INVESTMENT WITH UNRIVALLED FUTURE DEVELOPMENT SCOPE

  • 1.41HA* ACTIVITY CENTRE LANDHOLDING
  • TRIPLE NET LEASE TO ASX LISTED TENANT
  • $1,082,345 p.a.* PASSING INCOME
**CAMPAIGN CLOSED**

+Strategic 1.41ha* premium gateway corner site

+Triple street frontage to High Street (103m*), Regent Street (99m*) and William Street (25m*)

+Established quality improvements comprising 4,700sqm* motor vehicle showrooms, spare parts showroom/store, service centre, carwash and large hardstand area

+Occupied by ASX listed Eagers Automotive (ASX:APE) with a market cap of over $4.2Billion*.

+Current passing income of $1,082,345 p.a.*

+Priority Development Zone (PDZ) promoting high density development (STCA).

+Positioned within Preston’s activity centre, only 250m* to Regent Train Station, 500m* to Woolworths & 600m* to Preston Market.

For further information please contact the exclusive sales and marketing agents at CBRE:

Nathan Mufale
+61 421 224 3...
nathan.mufale@cbre.com.au

David Minty
+61 422 564 1...
david.minty@cbre.com.au

Jing Jun (JJ) Heng 王敬君
+61 411 059 1...
jj.heng@cbre.com.au

Property ID: 503891418Last Updated: 7 Jun 2022

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