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    • About this property
    • Explore Preston
    • Development Side with Roi of 5.25%+

      Property ID 1558476
      Ray White Commercial are proud to present an exceptional opportunity to secure a nationally branded tenant (Nissan), with strong income of over $318,270 (as at June 2017) per annum. With a lease term of Five years starting in June 2015 and one option of five years. Ensuring great security for any purchaser. In addition the rental will achieve a fixed 3% yearly increase and no market review making it a very predictable asset.
      The property has genuine future development potential and is sitting on 1,875m2* of Priority Development Zone Schedule 2 (PDZ2) land with surrounding developments approved for up to 6 levels. (Council guidelines indicate 4 levels STCA).

      Other major benefits and features include:
      • Rental: Currently $309,000 per annum Net
      • 3% fixed annual increases
      • Land size: 1,875m2*
      • Three Street Frontages
      • Lease Term: 5 year initial term (as of June 2015)
      • Option: one five year option
      • Zoning: Priority Development Zone Schedule 2 (PDZ2)
      • Distance to Preston station and Market 800m (less than 10minute walk)*
      • 2.2km to Northland Shopping Centre just a 5 minute drive*
      • Walking access to trains (Preston Station) trams and busses

      For all additional information and a more in depth property summary please contact Ryan Trickey 0400 380 438 or Ben Ainsworth 0412 534 028

      *Denotes Approximate
    Due diligence checklist - for home and residential property buyers