318-320 High Street,
Preston, VIC 3072

Seldom does the opportunity arise for a plumb corner re-development (STCA) opportunity in Preston. Just across the road from the Preston Markets, this property, tightly held for many years, boasts incredible potential for the astute buyer. The options are endless, hold, re-develop now, start working on plans - the options are yours.

Two shops, one with dwelling, all on one 360m2 (approx.) title. Both properties have current tenants, one on a month to month lease and the other on a lease expiring shortly (who would like to renew). These exceptional tenants provide a holding income of around $42k p.a. As managing agents, we can confirm that these tenants are hassle free.

The property also has rear laneway Right of Way, providing one of the best options for a mixed use, commercial and residential development (STCA).

Property Features Include:

- Part of the Preston Priority Development Zone (B)
- 360m2 Land area approx.
- 200m2+ current lettable area
- Corner location with strong exposure to High Street
- 4+ car spaces
- 2 bedroom dwelling behind one shop
- Highly successful long term tenant would like to remain
- Sought after location with very limited supply

The opportunity is here, enquire today and make the move your investments need.

Price $1.6m

More information at http://squarefeetcommercial.com.au/property/retail-318-320-high-street-preston