CBRE Large Format Retail is pleased to present as the exclusive agents a rare opportunity for lease in the heart of the Preston Large Format Retail precinct.
The tenancy is positioned fantastically along Bell Street enjoying dominant exposure to 41,000* passing cars daily. The Bell Street strip is home to a plethora of Large Format Retailers including Harvey Norman, Officeworks, Rays Outdoors, Nick Scali, Baby Bunting, Petbarn, Adairs, JB HiFi, Beacon Lighting, Super Amart & many more.
Preston is a suburb in Melbourne, Victoria, Australia, located 9 km north from Melbourne s central business district. Its Local Government Area is the City of Darebin.
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 21,007 properties. Over the last 5 years, Houses in Preston have seen a 16.49% increase in median value, while Units have seen a 7.89% increase. As at 31 December 2024:
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