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380 High St 1,830 SF Retail Building Preston, VIC 3072 For Sale
Investment Highlights
- Located directly opposite Preston Market, benefiting from strong daily visitation.
- Exceptional exposure with dual frontage along a highly active retail strip.
- Potential long-term redevelopment options, subject to council approval.
- Long-term security with a 10-year lease and fixed annual growth.
- Surrounded by national retailers and supported by over 18,000 vehicles passing daily.
Executive Summary
380 High Street offers a rare opportunity within Preston’s tightly held retail corridor. This freehold asset provides investors with a secure, income-generating property underpinned by a long-term lease to a nationally recognized tenant. Situated opposite the Preston Market and in direct view of heavy pedestrian and vehicular traffic, the property ensures exceptional visibility and dependable footfall.
The asset features dual frontage, contributing to strong street presence and future redevelopment potential (STCA). With fixed annual increases baked into the 10-year lease, buyers can expect consistent income growth while enjoying the stability of a reputable tenant covenant. This opportunity combines security today with flexibility for tomorrow, positioned in a sought-after inner-north location just moments from public transport, vibrant retail activity, and major arterial routes.
The asset features dual frontage, contributing to strong street presence and future redevelopment potential (STCA). With fixed annual increases baked into the 10-year lease, buyers can expect consistent income growth while enjoying the stability of a reputable tenant covenant. This opportunity combines security today with flexibility for tomorrow, positioned in a sought-after inner-north location just moments from public transport, vibrant retail activity, and major arterial routes.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
1,830 SF
Building Class
C
Tenancy
Single
Building Height
1 Story
Building FAR
0.54
Lot Size
0.08 AC
Parking
1 Spaces (0.55 Spaces per 1,000 SF Leased)
Frontage
30’ on State Route 29
Amenities
- Signage
- Recessed Lighting
- Air Conditioning
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380 High St
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