87-93 Raglan StreetPreston VIC 3072
Property Details for 87-93 Raglan St, Preston
Last Listing description (April 2023)
CBRE and ICR Property Group are pleased to present 87-93 Raglan Street Preston, For Sale via Public Auction on Wednesday 25th July 2018 at 12.30pm onsite.
This refurbished 2,575sqm* office/warehouse comprises a single level office and clear span warehouse with ample staff amenity and further scope for improvement (STCA).
Located adjacent to large, national tenants, the building has immediate access to Bell Street and other major arterials.
Positioned 11km* from Melbourne's CBD and situated in one of the most tightly held commercial precincts in Victoria.
- Total land area: 4,268sqm*
- Building area: 2,575sqm*
- 8 on site car parks
- Industrial 3 zone
- 7 roller shutter doors
- 49 metre* frontage to Raglan Street
Lease Particulars:
- Leased to Fluid Drive Holdings Pty Ltd
- Passing rent of $124,000* p.a. Plus GST & outgoings until 2020
- Increases: 3.0 % annually
*approx.
Property History for 87-93 Raglan St, Preston, VIC 3072
- 01 Oct 2020Sold for $5,005,000
- 11 Sep 2020Listed for Sale Contact Agent
- 25 Jul 2018Sold for $3,900,000
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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 21,601 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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