OFF MARKET

20/8-14 Albert Street
Preston VIC 3072

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5703m2
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Property Details for 20/8-14 Albert St, Preston

Building Type
Commercial
Land Size
5703m2
Local Government
Darebin
Lot/Plan
15/PS829694

Last Listing description (September 2023)

**SOLD**

Gross Waddell ICR is pleased to offer Unit 20, 8-14 Albert Street, Preston for lease. This brand-new warehouse is in one of Melbourne's tightly held industrial precincts. The property comprises of a bathroom with a shower, full kitchen set up with electric stove top, exhaust canopy, dishwasher, and bar fridge. The single level warehouse is a generous size of approximately 158 sqm* and comes with two (2) allocated car space located in the secure basement level car park directly under the warehouse.

Only 11kms* to Melbourne CBD and easy access to the M3 Eastern Freeway, this is a great opportunity to secure a spot in the tightly held industrial precinct of Preston.

Property Highlights:

Building area: 158 sqm*
Two (2) allocated car spaces
Good internal height
Electric Roller Shutter Door
Secure gated complex
Three (3) phase power
Prestigious Albert Street, Preston address

Location:
Northland Shopping Centre: 2.7 kms*
Bell street shopping strip: 2.4 kms*
Thornbury: 2.5 kms*
Darebin Creek: 3.6 kms*
Fairfield: 2.9 kms*
Ivanhoe Plaza: 3.3 kms*
Eastern Freeway (M3): 9 kms*
Metropolitan Ring Road (M80): 9.4 kms*
Melbourne CBD: 10 kms*
*approx

Please contact one of the exclusive leasing agents from Gross Waddell ICR to book a private inspection.

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Property History for 20/8-14 Albert St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$825,000
25 Sep 2023
Listed for Rent
$32k/w
27 Sep 2023
  • 25 Sep 2023
    Sold for $825,000
  • 22 May 2023
    Listed for Rent - Price not available
  • 16 Nov 2022
    Listed for Sale Contact Agent
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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 20,745 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 73 properties listed for sale, and 45 properties listed for rent in Preston on OnTheHouse. According to CoreLogic's data, 752 properties were sold in the past 12 months in Preston.

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