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52-56 Mary Street, Preston, VIC 3072

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52-56 Mary Street, Preston, VIC 3072
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52-56 Mary Street, Preston, VIC 3072

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

Read More

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

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

Read More
Development Potential
Stephen Gorman
Stephen Gorman
+61 *** *** *** show +61 418 321 828
Jonathon McCormack
Jonathon McCormack
+61 *** *** *** show +61 418 835 885

Download Development Site Report

3. Property Location

52-56 Mary Street, Preston, VIC 3072

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4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
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52-56 Mary Street, Preston, VIC 3072 Preston
Gorman Commercial - Hawthorn East
Gorman Commercial - Hawthorn East
L1, 415 Riversdale Road, Hawthorn East, VIC, 3123
Stephen Gorman
Stephen Gorman
+61 *** *** *** show +61 418 321 828
Jonathon McCormack
Jonathon McCormack
+61 *** *** *** show +61 418 835 885