10/16-18 Albert Street, Preston, VIC 3072 | Property Value & History | OnTheHouse
 
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10/16-18 Albert Street
Preston VIC 3072

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Land area: 4043m2
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Property Details for 10/16-18 Albert St, Preston

Building Type
Commercial
Land Size
4043m2
Local Government
Darebin
Lot/Plan
11/PS845239

Last Listing description (August 2024)

Hudson Bond Commercial is delighted to present this limited opportunity at 16-18 Albert Street, Preston.

Only 10km from Melbourne CBD, the property provides outstanding connectivity to main arterials, including the future North/East Link and the Western Ring Road.

Melbourne Micro Warehousing Preston features 24-hour CCTV security to the individual basement levels and complete end-of-trip facilities including shared kitchenette, bathroom, showers, boardroom and secure Wi-Fi. The flexible nature of these units makes it easy for people to operate businesses in a highly adaptable environment that supports office workers, sole traders and small to medium size businesses.

Features include:

- Warehouse size 106 sqm
- Prime location in Preston With Excellent Accessibility
- Quality Constructed Units For Long-term Use With a Modern Appeal.
- Unrestricted 24-hour Access
- Suitable for Tradespeople, Online Businesses, Builders, Leisure etc
- Three-phase Powered Warehouses
- High clearance Electric Roller Door for Easy and Convenient Access
- Kitchenette and Bathroom Within Each Unit for Convenience
- Remote Controlled Gate/Roller Doors

Melbourne Micro Warehousing provides the perfect solution to your large or small warehousing needs, where people can keep tools, equipment, company vehicles, caravans, boats and keep supplies accessible, safe and secure.

For more information and to secure your space, please contact the Hudson Bond Commercial Team.

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Property History for 10/16-18 Albert St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$561,000
25 Jan 2021
  • 12 Mar 2024
    Listed for Sale Contact Agent
  • 25 Jan 2021
    Sold for $561,000
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About Preston 3072

The size of Preston is approximately 11.5 square kilometres. It has 30 parks covering nearly 4.7% of total area. The population of Preston in 2016 was 32851 people. By 2021 the population was 33790 showing a population growth of 2.9% in the area during that time. The predominant age group in Preston is 30-39 years. Households in Preston are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Preston work in a professional occupation.In 2021, 57.30% of the homes in Preston were owner-occupied compared with 56.70% in 2016.

Preston has 21,601 properties. Over the last 5 years, Houses in Preston have seen a 19.15% increase in median value, while Units have seen a 13.68% increase. As at 31 December 2025:

  • The median value for Houses in Preston is $1,235,570 while the median value for Units is $633,025.
  • Houses have a median rent of $625 while Units have a median rent of $550.
There are currently 64 properties listed for sale, and 50 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 932 properties were sold in the past 12 months in Preston.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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