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52-56 Mary Street, Preston, VIC 3072

Name: 52-56 Mary Street, Preston, VIC 3072
Address: 52-56 Mary Street , VIC, Preston, VIC, 3072
Telephone: +61 418 321 828

+16 Photos

+18 Photos

SOLD

52-56 Mary Street, Preston, VIC 3072

Properties / Sold / Victoria / Preston

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Office, Land Site

Land Area

1,760 m² (*approx)

Selling Method

EOI: Closing on Wednesday 5th June at 2pm.

EOI Closing Date

5 Jun 2024 02:00PM

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2. Property Highlights

FREESTANDING OFFICE BUILDING WITH SECURE INCOME PLUS HUGE FUTURE UPSIDE

Current income: $205,890 pa
Land area: 1,760 sqm
Building area: 1,276 sqm

Gorman Commercial is pleased to offer for sale 52-56 Mary Street, Preston via Expressions of Interest closing on Wednesday 5th June at 2pm.

This freestanding office investment in the heart of the action in Preston presents an outstanding opportunity to secure income from a long-standing tenant with the future prospect for development.

Key features include:

* Current income: $205,890 pa + GST + outgoings

* Substantial 1,760 sqm* landholding

* Building area of 1,276 sqm*

* 39 car parks on title plus adjoining council car park

* Zoning: Priority Development

* Huge future development potential (STCA)

* NABERS Rating 4.5 stars

52-56 Mary Street, Preston Perfectly positioned directly opposite Preston City Oval benefiting from an adjoining council carpark and easy access to Preston Train Station. Furthermore, the property is on the door step of the iconic Preston Market.

Remember to mention you found this property on DevelopmentReady

Development Potential

1. Property Summary

Property Type

Commercial

Sub-type

Office, Land Site

Land Area

1,760 m² (*approx)

Selling method

EOI: Closing on Wednesday 5th June at 2pm.

EOI Closing Date

5 Jun 2024 02:00PM

Add to calendar

2. Property Highlights

FREESTANDING OFFICE BUILDING WITH SECURE INCOME PLUS HUGE FUTURE UPSIDE

Current income: $205,890 pa
Land area: 1,760 sqm
Building area: 1,276 sqm

Gorman Commercial is pleased to offer for sale 52-56 Mary Street, Preston via Expressions of Interest closing on Wednesday 5th June at 2pm.

This freestanding office investment in the heart of the action in Preston presents an outstanding opportunity to secure income from a long-standing tenant with the future prospect for development.

Key features include:

* Current income: $205,890 pa + GST + outgoings

* Substantial 1,760 sqm* landholding

* Building area of 1,276 sqm*

* 39 car parks on title plus adjoining council car park

* Zoning: Priority Development

* Huge future development potential (STCA)

* NABERS Rating 4.5 stars

Remember to mention you found this property on DevelopmentReady

Development Potential