59-65 Wood StreetPreston VIC 3072
Property Details for 59-65 Wood St, Preston
Last Listing description (June 2021)
Savills is delighted to offer for sale 59-65 Wood Street, Preston. This high quality child care centre represents an unprecedented opportunity to secure a premium investment with significant future upside.
The key attributes of the property include:
- Centre operated by ASX-listed G8 Education Ltd
- Secure 25 year lease to 2030 with fixed 4% annual rental growth (no options)
- Current Net Rental: $116,555pa* + Outgoings (including Land Tax) and GST
- Very conservative rental rate with huge future rental and value upside
- Prime triple fronted corner landholding of 1,663sq m*
- An outstanding Preston location neighbouring Northland Shopping Centre
- A plethora of primary schools in the immediate catchment including Preston North East Primary School, Preston Primary School and more
The opportunity to secure such an affordable, high quality centre, securely leased to an established operator, and located within an established inner northern suburb is extremely rare, and as such we strongly recommend this investment opportunity.
Julian Heatherich - 0412 995 655
Benson Zhou - 0458 488 888
*Approx
Property History for 59-65 Wood St, Preston, VIC 3072
- 12 Jun 2019Sold for $3,040,000
- 15 May 2019Listed for Sale EXPRESSIONS OF INTEREST
- 19 Apr 1999Sold for $330,000
Recent sales nearby
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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 21,601 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.
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