32-46 Chifley Drive,
Preston, VIC 3072

Tremendous 'add value' opportunity in the heart of north-eastern Melbourne's premier industrial precinct - Preston.

Offering over 2.2 hectares of land, with over 15,000 sqm of building, 32-46 Chifley Drive, Preston represents a rare opportunity.

With two buildings, on two titles, Kennon Auto occupies one building on a new lease commencing from January 2012 providing a net income of $384,529 per annum net. The adjoining building, on its own title, is currently vacant offering an opportunity to add income or potentially demolish for a future industrial development (STCA).

In summary, the investment highlights are:
- Land Area: 2.23ha
- Building 1 (Vacant): 8,035 sqm
- Building 2 (occupied by Kennon): 7,014 sqm
- Current Net Rental: $384,529 per annum net
- Zoning: Industrial 3.