5 HIGH STREET, PRESTON

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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.

*Approx

 

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