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2. Property Highlights

The Island Site – Develop (STCA), Invest or Owner Occupy
  • Island Development Site
  • Going concern
  • Power & Gas

CBRE is pleased to exclusively present 1 Cope Street, Preston for sale via Expression of Interest closing Wednesday 29th May at 4pm (AEST).

Rarely do opportunities arise to acquire such a quality and sizable asset in Melbourne’s inner northern suburbs. This unique island site of 8,817sqm* spread across five (5) titles and four (4) street frontages provides exceptional flexibility and potential outcomes for investors, developers (STCA), and owner-occupiers. Offered with a proposed two (2) year lease-back, this provides prospective purchasers with time to realise the maximum end outcome across the site.

Property Details:

+ Total Site Area: 8,817sqm*

+ Total Building Area: 8,128sqm*

+ Office Area: 576sqm*

+ Warehouse Area: 7,552sqm*

+ Four (4) Street Frontages

+ High Power (750kva)

+ Gas on-site

+ Multiple Gantry Cranes

+ Multiple Development outcomes (STCA)

Proposed Lease Back Details:

+ Tenant: Sneddon & Kingston Plastics Pty Ltd

+ Term: Two (2) Years

+ Options: One (1) Year

+ Rental: $825,000 per annum net plus GST ($101p/sqm)

+ Annual Reviews: 4% annually

*Please note, the above terms are proposed by the Vendor and they will provide consideration towards revised terms by the purchaser should it assist in reaching a mutually agreeable position.

Location Details:

+ Bell Street 277m*

+ Northland Shopping Centre 1.1km *

+ Bell Railway Station 2.3km*

+ Austin Hospital 2.45km *

+ Melbourne CBD 7.75km *

For further details on this property or your commercial property needs, please contact the marketing agents Jake George on 0421 221 019, Matt Romanin on 0412 888 428, Daniel Eramo on 0400 871 191 or Andrew Bell on 0456 810 999.


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3. Property Location

1 Cope Street, Preston, VIC 3072

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4. Due Diligence

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