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367-375 Bell Street
Preston VIC 3072
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Sold on 3 Dec 2019

367-375 Bell Street Preston VIC 3072

  • Shop & Retail
  • 566 m²
  • Sold

LAND RICH CORNER INVESTMENT FULLY LEASED TO RENOWNED RETAILER (4 STORES IN VICTORIA)

  • Land rich 1,307sqm* corner landholding
  • Favourable ‘Priority Development’ zoning
  • Unparalleled signage potential

+ Land rich 1,307sqm* corner landholding with over 72m* of combined frontage

+ 5 year lease to highly rated statewide retailer Allure (4 stores in Victoria), providing gross annual income of $231,750* + GST with favourable personal guarantees plus fixed 3% annual rental increases

+ Rare land bank opportunity with highly favourable 'Priority Development' zoning

+ Centrally located between Bell Train Station, High Street retail precinct & the Preston Market

+ Unparalleled signage potential given the prime exposure to the heavily trafficked Bell Street (46,000* vehicles passing daily)

+ Set to benefit from improved accessibility as a result of the planned Bell Station 'Level Crossing Removal Project'

+ Benefiting from direct linkage to major universities via public transport and St Georges Road

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

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Jing Jun (JJ) Heng
+61 411 059 116
jj.heng@cbre.com.au

*approx

Property Highlights

Date Sold3 Dec 2019
Floor Area566 m²
Land Area1,307 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2017232000
Category
Last updated  6 Dec 2021
Map for 367-375 Bell Street Preston VIC 3072

Property Highlights

Date Sold3 Dec 2019
Floor Area566 m²
Land Area1,307 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2017232000
Category
Last updated  6 Dec 2021
Level 34, 8 Exhibition Street Melbourne VIC 3000

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