352 Bell Street, Preston, VIC 3072

Investment | Retail | Offices

Sold

10% deposit. Balance 30/60 days

  • Property ID: 310226
  • Floor Area: 183m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total office area Sold 19/10/2018 183m2 N/A Contact Agent
Blue Chip Investment - Government Tenant

CVA Property Consultants are pleased to present this fully fitted office, situated at 352 Bell Street, Preston for sale via Public Auction on Friday 19th of October 2018 at 12pm on-site.

Leased to Parliament of Victoria, this near new office is situated in a prime high exposure position, making this exceptional opportunity an immediately rewarding investment.

The Property
- Building area 183m2*
- 16 metre* frontage to Bell Street
- Disabled access
- Situated between St Georges Road and High Street
- 110 metres* from Bell Station
- Premium quality fit out
- Secure lock up car parking for 2 vehicles
- Over 40,000* vehicles passing daily

Investment Summary
- Leased to the Parliament of Victoria
- 8 year lease commencing 26th February 2018
- Two further options of 4 years each
- Current rental income $62,200 gross plus GST (estimated net $55,757.16 p.a.)
- 3% annual fixed increases

The property is situated on the street level of the Waterford Rise Apartments opposite Bell Train Station, between the major arterial roads of High Street and St Georges Road, only 700 metres* from the renowned Preston Market and around the corner from the Preston cafe and retail precinct.

Open For Inspection
Thursday 18th October 2018, 2:30pm - 3pm

For further information please contact CVA Property Consultants

*approx.

Additional Information
Features
  • Zoning: Priority Development zone schedule 2
  • Lease Term: 8+4+4
  • Rent Review: Annual 3%
  • Car Spaces: 2
Preston Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4060 $300 7.38%
Offices $3530 $371 10.50%
Industrial $3042 $166 5.47%
This is the average advertised price, rent and yield for Preston, VIC 3072*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 352 Bell Street, Preston, VIC 3072. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 352 Bell Street, Preston, VIC 3072. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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