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1B Bell St 3,229 SF Retail Building Preston, VIC 3072 For Sale
Investment Highlights
- Fully leased to Pearl Energy, one of Australia’s fastest-growing petroleum retailers.
- Significant land parcel of approximately 2,727 m² with 61+ meters of Bell Street frontage.
- High-exposure site on Bell Street, a major Melbourne arterial with heavy daily traffic volume.
- Substantial income of approximately $312,215 per annum plus GST and outgoings.
- Prime location opposite Bunnings, Spotlight, Anaconda, and other major national brands.
- Secure lease structure: 15-year initial term plus 3 x 5-year options.
Executive Summary
1B Bell Street offers a rare chance to secure a high-profile, income-generating investment in a prime retail and homemaker precinct of Melbourne’s north. This long-established property is prominently located at the gateway to Preston’s key retail hub and enjoys exceptional exposure to one of Melbourne’s busiest northern arterials, with up to 50,000 vehicles daily.
The asset is fully leased to Pearl Energy, a high-growth national operator in the petroleum retail sector, currently trading across more than 160 Australian locations. Supported by a long lease covenant of 15 years plus three five-year options, the property generates a net annual income of approximately $312,215 plus GST and outgoings, providing strong income security for investors.
The expansive 2,727-square-meter landholding features over 61 meters of Bell Street frontage, creating excellent long-term development flexibility (STCA) in addition to its current high-value utility. Its position opposite major national retailers such as Bunnings, Spotlight, and Anaconda anchors its status as part of a vibrant homemaker center hub.
The asset is fully leased to Pearl Energy, a high-growth national operator in the petroleum retail sector, currently trading across more than 160 Australian locations. Supported by a long lease covenant of 15 years plus three five-year options, the property generates a net annual income of approximately $312,215 plus GST and outgoings, providing strong income security for investors.
The expansive 2,727-square-meter landholding features over 61 meters of Bell Street frontage, creating excellent long-term development flexibility (STCA) in addition to its current high-value utility. Its position opposite major national retailers such as Bunnings, Spotlight, and Anaconda anchors its status as part of a vibrant homemaker center hub.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
3,229 SF
Building Class
C
NOI
$219,269
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.67 AC
Parking
16 Spaces (4.95 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Monument Signage
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1B Bell St
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