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14-18 Gilbert Rd - The Gilbert 635 SF Retail Condo Unit in Preston, VIC 3072
Investment Highlights
- The property has direct proximity to public transport services positioned along the street frontage.
- The building supports multiple commercial occupancies, contributing to a mixed-use environment within the immediate area.
- Its location within an established precinct ensures access to surrounding retail, hospitality, and service-based amenities.
Executive Summary
The property is located within a mixed-use commercial strip along Gilbert Road in Preston and forms part of a strata-titled development comprising multiple retail and commercial tenancies. The building presents as a low-rise structure with ground-level retail units addressing the street, supporting pedestrian accessibility. The subject premises offers an internal area of approximately 59 sqm and includes a functional layout suitable for a range of commercial uses. A front outdoor area is attached to the tenancy, providing additional usable space beyond the internal floor area. The property is situated within an established urban precinct characterised by a combination of retail, hospitality, and service-based occupiers. Public transport infrastructure, including tram and bus services, is located directly along Gilbert Road, with access to surrounding arterial road networks supporting connectivity to nearby suburbs.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 1 |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 14c | 635 SF | Retail | Upon Request | - |
Unit 14c
| Unit Size |
| 635 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
Unit 14c
| Unit Size | 635 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
| Description | |
| The property forms part of a strata-titled commercial development located at 14–18 Gilbert Road, Preston. The lot comprises a ground-floor retail unit within a mixed-use building, with shared access and common property areas consistent with a strata arrangement. The premises is positioned along the street frontage and benefits from pedestrian access via the common property interface. The broader development accommodates a mix of retail and commercial occupancies, with services and infrastructure shared across the strata plan.</li></ul> | |
| Sale Notes | |
| The property at 14C/14–18 Gilbert Road, Preston VIC comprises a strata-titled retail premises with an approximate building area of 59 sqm. It is currently leased at a rental of $2,283.47 per calendar month plus outgoings, providing a holding income. The existing lease expires on 11 January 2026 and includes a further five-year option, offering potential for continued tenancy. The asset presents a combination of current income and future flexibility for either investment retention or owner-occupier use.</li></ul> |
Property Facts
| Total Building Size | 42,464 SF | Typical Floor Size | 10,613 SF |
| Property Type | Multifamily (Condo) | Year Built | 2015 |
| Property Subtype | Apartment | Lot Size | 0.25 AC |
| Building Class | C | Parking Ratio | 0.02/1,000 SF |
| Floors | 4 |
| Total Building Size | 42,464 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 10,613 SF |
| Year Built | 2015 |
| Lot Size | 0.25 AC |
| Parking Ratio | 0.02/1,000 SF |
Presented by
OBrien Real Estate Melton
14-18 Gilbert Rd - The Gilbert
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