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1 Bell St 3,875 SF Industrial Condo Unit Offered at $651,098 in Preston, VIC 3072
Investment Highlights
- Opportunity to occupy a self-contained industrial unit in Preston’s established business park.
- High-clearance glass panel lift door streamlines delivery and operational workflow.
- On-site parking included, supporting employee and visitor convenience.
- Located on the corner of Bell Street and Chifley Drive with strong exposure and accessibility.
- Mezzanine level provides additional workspace with structural versatility.
Executive Summary
Situated at the intersection of Bell Street and Chifley Drive, this property positions your business in the core of Preston’s thriving industrial hub. The unit offers a highly functional layout including a generous work area beneath an expansive mezzanine level, designed to support a range of industrial or distribution operations. The high-clearance glass panel lift door enhances accessibility for logistics and deliveries, while included parking accommodates staff and visitors efficiently. With proximity to major arterial roads and public transport nearby, connectivity is a strong advantage. Located just minutes from Bell Street’s retail and commercial corridors, the site benefits from surrounding business amenities and a developed infrastructure network. This property is equipped for immediate occupancy and provides flexibility for businesses seeking a well-located, versatile industrial solution in Melbourne’s northern growth corridor.
1 Unit Available
Unit 6
| Unit Size | 3,875 SF | Sale Type | Investment |
| Price | $651,098 | Cap Rate | 5.00% |
| Price Per SF | $168.03 | NOI | $32,554.91 |
| Condo Use | Industrial | APN/Parcel ID | 6\SP21911 |
| Unit Size | 3,875 SF |
| Price | $651,098 |
| Price Per SF | $168.03 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| NOI | $32,554.91 |
| APN/Parcel ID | 6\SP21911 |
Description
The property forms part of a boutique complex accessed via Chifley Drive in Preston’s Industrial 3 Zone. It presents a total building area of approximately 360 m² across two levels with integrated warehouse and office accommodation. Surrounding land use includes large-format hardware and trade supply businesses, and the property lies in close proximity to arterial road networks including Bell Street. Regular public transport routes are available along Bell Street within walking distance.
Sale Notes
Positioned within a tightly held industrial pocket of Preston, this modern two-level property represents a secure investment opportunity in Melbourne’s sought-after northeast corridor. Currently occupied under a 3x3x3 lease structure that started in August 2023, the asset delivers immediate income with long-term growth potential.
The property combines functional utility with corporate amenity. The ground floor features a large showroom, dual offices, and a break area with kitchenette, while upstairs provides two expansive office spaces, generous storage, and a mezzanine level. The adjoining warehouse offers efficient stock management supported by an extra-tall roller door for seamless logistics.
Situated just meters from Bunnings Warehouse and notable trade retailers including Super Cheap Auto and Total Tools, the location benefits from heavy daily traffic and proximity to Northland Shopping Centre. Excellent connectivity via Bell Street, Chifley Drive, and local bus routes ensures strong accessibility for employees and customers alike.
With secure tenant covenant, diversified workspace design, and prominent positioning in a core industrial zone, this property is an excellent choice for investors seeking stability alongside adaptability.
+1 More
Office mezzanine interior
Office mezzanine interior
Office mezzanine interior
Office mezzanine interior
Warehouse area
Floor plan
Property Facts
| Total Building Size | 19,031 SF | Floors | 1 |
| Property Type | Industrial (Condo) | Typical Floor Size | 19,031 SF |
| Building Class | C | Lot Size | 1.49 AC |
| Total Building Size | 19,031 SF |
| Property Type | Industrial (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 19,031 SF |
| Lot Size | 1.49 AC |
Amenities
- Mezzanine
Presented by
1 Bell St
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