45 & 35-37 Raglan Street
Preston, VIC 3072

This exceptional industrial investment opportunity is located at 45 Raglan Street and 35-37 Beecher Street in Preston, Victoria. It features a substantial corner office and warehouse facility currently utilized as a food distribution centre. The property is strategically positioned within a prime inner-northern last-mile logistics hub, offering significant advantages for investors seeking secure and long-term returns.

The property comprises two titles totaling approximately 5,234 square meters of land area, with a functional building area of about 5,227 square meters. The facility includes cool rooms and freezer areas, catering to specialized storage requirements. Internal ceiling heights range between 7 to 9 meters, providing ample vertical space for various industrial operations.

Key highlights of this investment include a secure five-year lease term generating an annual return of $750,000 plus GST and outgoings. The property is zoned Industrial 1 (IN1Z), which supports a wide range of industrial uses, making it a versatile asset within a highly sought-after precinct.

The corner location enhances accessibility and visibility, contributing to the property's appeal for logistics and distribution activities. The well-maintained improvements ensure operational efficiency and reduce the need for immediate capital expenditure, making it an attractive proposition for investors.

Overall, this property represents a rare opportunity to acquire a significant industrial asset in a strategic location with strong lease covenants and solid income streams. Its size, zoning, and specialized facilities position it well for continued demand in the industrial market.