605-617 High Street,
Preston, VIC 3072

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 4... or Ben Ainsworth 0412 534 028

*Denotes Approximate