FOR RENT
$100,000 PA

16-18 Railway Place
Preston VIC 3072

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 650m2
Land area: 1347m2
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OLDER STYLE WAREHOUSE WITH YARD

- Older-style warehouse situated on the corner of Oakover Road and Railway Place
- Building area 650 sqm*
- Two level office of 30 sqm*
- Total land area 1,347 sqm*
- Crushed rock hardstand of 673 sqm*
- 180m* from High Street
- 350m* from St Georges Road
- 700m* to Bell Street
As an added bonus, the property is located handy to public transport including trams as well as Bell and Thornbury train stations.
Rental:
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Property Details for 16-18 Railway Pl, Preston

Building Type
Commercial
Floor Size
650m2
Land Size
1347m2

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About 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 2011 was 29,925 people. By 2016 the population was 32,865 showing a population growth of 9.8% 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 2011, 60.2% of the homes in Preston were owner-occupied compared with 56.7% in 2016.

Preston has 20,795 properties. Over the last 5 years, Houses in Preston have seen a 26.50% increase in median value, while Units have seen a 14.21% increase. As at 30 September 2024:

  • The median value for Houses in Preston is $1,146,812 while the median value for Units is $603,028.
  • Houses have a median rent of $600 while Units have a median rent of $510.
There are currently 70 properties listed for sale, and 39 properties listed for rent in Preston on OnTheHouse. According to CoreLogic's data, 777 properties were sold in the past 12 months in Preston.

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Mitch Kalpakis
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Ray White Preston
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