226 Plenty RoadPreston VIC 3072
Property Details for 226 Plenty Rd, Preston
Last Listing description (July 2023)
IMMEDIATE SALE
Gross Waddell ICR is pleased to present 226 Plenty Road, Preston For Sale.
This is the perfect opportunity to secure a well-located, warehouse investment with retail frontage. The property offers versatility for tenants and future owner occupiers having the ability to have a warehouse and retail at the same location. The property is situated on Plenty Road providing great exposure and easy access from either the front of the property or rear access via the R.O.W.
Public transport is a big plus with passing trams at your doorstep and a very active bus line running along Bell Street. This tenanted investment would suit investors and future owner occupiers looking to secure a well-located property which provides ultimate versatility.
- Rental Income: $32,781 p.a.
- Warehouse with retail frontage
- Rear roller door access
- Main road exposure
- Plenty Road frontage and rear R.O.W.
- Versatile building providing great options and opportunity.
- Public transport access
- Great investment opportunity or suitable for future owner occupier
- Land area: 305 sqm*
- Building area: 250 sqm*
- Flexible Commercial 1 Zoning
Lease details:
- Rental Income: $32,781 p.a.
- Term: Two (2) years
- Commencement date: 7th August 2022
- Fixed 3% Annual Increase
- Fixed 3% increase at option
- Option: Two (2) years
- Tenant pays Outgoings
Sale Terms:
- 10% deposit
- 60/90-day settlement
Property History for 226 Plenty Rd, Preston, VIC 3072
- 13 Jun 2023Sold for $800,000
- 03 Feb 2023Listed for Sale Contact Agent
- 22 Jun 2022Listed for Sale Private Sale $895,000
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0About 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 21,613 properties. Over the last 5 years, Houses in Preston have seen a 8.24% increase in median value, while Units have seen a 11.16% increase. As at 31 March 2026:
- The median value for Houses in Preston is $1,228,630 while the median value for Units is $652,709.
- Houses have a median rent of $695 while Units have a median rent of $550.
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