380 High Street Preston VIC 3072

Fitzroys in conjunction with Mulcahy Butera are pleased to present this high profile investment opportunity situated at 380 High Street, Preston for sale via Public Auction on Wednesday 30th April at 1pm on site.

Key attributes include:

- Located in the heart of one of Melbourne's busiest shopping strips with over 18,000* cars passing daily
- Valuable inner city land holding of 315sqm* across two titles
- Opposite the famous Preston Market and surrounded by a strong mix of national retailers including Woolworths, Aldi, Chemist Warehouse, CBA, ANZ along with popular eateries
- Rarely found freehold with double retail strip frontage of 10.4* metres
- Long term 10 year lease plus options to highly successful nationally branded liquor retailer
- Cellarbrations is one of the largest independent retail liquor brands with over 700 stores across Australia
- Rental return of $130,000 per annum plus outgoings and GST
- Fixed annual rental increases of 4% providing excellent built in income growth
- On site parking with convenient rear access via roadway
- Outstanding transport amenities nearby including the recently upgraded Preston Train Station (280m* west)
- Exciting opportunity to invest in a high performing location with scope for future development upside

For further details or an inspection, please contact Fitzroys or Mulcahy Butera