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354 Bell St 764 SF Retail Condo Unit Offered at $282,940 in Preston, VIC 3072
Investment Highlights
- Close proximity to Bell and Preston Stations and Preston Market.
- Excellent Bell Street exposure.
- Secure basement car park included.
Executive Summary
354 Bell Street, Preston, Victoria, consists of apartment units located within an Activity Centre Zone. The property includes secure basement car spaces. It is situated near Bell and Preston train stations and the Preston Market, providing strong accessibility and exposure.
Property Facts
| Total Building Size | 32,722 SF | Floors | 3 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 10,904 SF |
| Property Subtype | Apartment | Lot Size | 0.44 AC |
| Building Class | B |
| Total Building Size | 32,722 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 10,904 SF |
| Lot Size | 0.44 AC |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
Site Amenities
- On-Site Retail
1 Unit Available
| Unit Size | 764 SF | Condo Use | Retail |
| Price | $282,940 | Sale Type | Investment |
| Price Per SF | $370.34 |
| Unit Size | 764 SF |
| Price | $282,940 |
| Price Per SF | $370.34 |
| Condo Use | Retail |
| Sale Type | Investment |
Description
The shop at 354 Bell Street, Preston, Victoria, is a 71 m² retail unit located within an Activity Centre Zone. It is currently tenanted under a three-year lease commencing September 2023, with two additional three-year options and fixed annual rental increases of 5%. The property includes three internal rooms, a kitchenette with shower, heating and cooling, and one secure basement car space. It is situated near Bell and Preston train stations and the Preston Market, providing strong accessibility and exposure.
Sale Notes
354 Bell Street presents an excellent entry-level investment opportunity in a high-exposure location within Preston’s vibrant commercial precinct. The property comprises a 71 m² retail space currently configured as a massage therapy clinic, featuring three treatment rooms, a kitchenette with shower, and heating and cooling throughout.
The property includes one secure basement car space and benefits from strong connectivity, positioned close to Bell and Preston train stations and the bustling Preston Market. This location ensures consistent foot traffic and accessibility for both customers and staff.
The property is secured by a three-year lease commencing 25 September 2023, with two further three-year options, fixed annual rental increases of 5%, and a market review at each option. The current net rental return is $23,814 per annum, with tenants responsible for all outgoings, making this an attractive investment for those seeking stable income and long-term growth potential.
Presented by
354 Bell St
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