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Overview
Shop 2/43 High Street, Preston
This commercial retail property offers an excellent entry-level investment opportunity located on High Street in Preston, Victoria. Positioned within the popular M1 Urban Building, the shop benefits from great exposure to High Street, a busy and well-regarded retail precinct on the fringe of Thornbury and Preston. The location provides excellent access to the inner city and surrounding suburbs, making it a desirable spot for retail tenants.
The premises comprises approximately 60 square meters of floor space, providing a functional and versatile layout suitable for a variety of retail or commercial uses. The property is securely leased until December 12, 2026, ensuring a stable income stream for investors. The net return from the lease is $24,440 per annum plus GST, reflecting a sound investment yield in this sought-after area.
Additional benefits include two basement car parking spaces, which add value and convenience for tenants and customers alike. The property is available for inspection by appointment, allowing prospective buyers to fully appreciate the location and features of this retail investment.
Overall, this shop represents a solid opportunity for investors seeking a well-located, secure retail investment with long-term lease security and strong exposure on a prominent commercial strip. The combination of location, lease terms, and parking facilities make it an attractive proposition in the Preston retail market.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Preston VIC 3072
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 60 m² |
Market Insights for Preston VIC 3072
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