5 HIGH STREET, PRESTON
Savills Melbourne is delighted to offer for sale this brand new retail tenancy in Melbourne’s evolving northern suburbs at 5 High Street, Preston. This property represents a fantastic opportunity to secure a prime retail investment with a new long-term lease with options to a highly reputable tenant.
The key attributes of this fantastic property include:
Brand new 163sq m* retail premises
New 5+5+5 year lease from January 2018
Net Rental: $54,080 per annum* (as at Jan 2019) + Outgoings
Fixed annual 4% rental reviews
Includes 2 secure car spaces on title
Well renowned tenant ‘I Love Dumplings’ with 6 venues across Melbourne
Situated to the ground floor of the state of the art ‘9High’ mixed-use development
Premium High Street location, offering some of Melbourne’s best retail and lifestyle amenity
A proven retail market within a rapidly evolving inner northern suburb!
5 High Street, Preston is For Immediate Private Sale.