354 Bell St Unité de condo • Commerce de détail • 764 pi² • À vendre 393 123 $ CAD • Preston, VIC 3072

The shop at 354 Bell Street, Preston, Victoria, is a 71 m² retail unit located within an Activity Centre Zone. It is currently tenanted under a three-year lease commencing September 2023, with two additional three-year options and fixed annual rental increases of 5%. The property includes three internal rooms, a kitchenette with shower, heating and cooling, and one secure basement car space. It is situated near Bell and Preston train stations and the Preston Market, providing strong accessibility and exposure.

354 Bell Street presents an excellent entry-level investment opportunity in a high-exposure location within Preston’s vibrant commercial precinct. The property comprises a 71 m² retail space currently configured as a massage therapy clinic, featuring three treatment rooms, a kitchenette with shower, and heating and cooling throughout.
The property includes one secure basement car space and benefits from strong connectivity, positioned close to Bell and Preston train stations and the bustling Preston Market. This location ensures consistent foot traffic and accessibility for both customers and staff.
The property is secured by a three-year lease commencing 25 September 2023, with two further three-year options, fixed annual rental increases of 5%, and a market review at each option. The current net rental return is $23,814 per annum, with tenants responsible for all outgoings, making this an attractive investment for those seeking stable income and long-term growth potential.