EXPOSURE PLUS ON BELL STREET | FLEXIBLE 2,300 SQM* SITE IN CORE PRESTON LOCATION
GrayJohnson in conjunction with Vinci Carbone are pleased to present this exceptional high-profile owner occupier and development opportunity located at 144 Bell Street, Preston.
Positioned within one of Melbourne’s most tightly held inner-northern suburbs, the property comprises a substantial 2,300 sqm* landholding with significant dual street frontages to Bell Street and Ovando Street exceeding 30 metres* each.
The existing improvements comprise an 880 sqm* office and warehouse facility with front and rear access, providing short-term holding income and immediate functionality for owner occupiers, while also offering exceptional flexibility for refurbishment or further redevelopment (STCA).
Importantly, the lease structure provides future flexibility for all buyer categories, with an early termination provision available from September 2026.
Strategically positioned along Bell Street, the property benefits from outstanding connectivity to Albert Street, Plenty Road and Melbourne’s broader arterial road network, providing seamless access to the CBD, northern suburbs and the wider metropolitan area.
The surrounding precinct is home to a range of national occupiers including Bunnings, Harvey Norman, Officeworks, JB Hi-Fi, Chemist Warehouse and Australia Post, reinforcing Preston’s position as a highly sought-after commercial and industrial location.
• Flexible Landholding: Substantial 2,300 sqm* site with enormous future flexibility
• High Exposure Frontage: Over 60 metres* of combined frontage to Bell Street and Ovando Street
• Existing Improvements: 880 sqm* office and warehouse facility with front and rear access
• Industrial 3 Zoning: Flexible zoning supporting a wide range of future outcomes (STCA)
• Flexible Lease Profile: Existing holding income with future vacant possession flexibility via early termination provision from September 2026
• Occupier & Development Upside: Ideal opportunity to refurbish, reposition or redevelop the site (STCA)
• Strategic Inner-North Location: Positioned within Preston’s established commercial and industrial precinct
• National Surrounding Occupiers: Nearby operators include Bunnings, Harvey Norman, Officeworks and JB Hi-Fi
• Strong Connectivity: Excellent access to Albert Street, Plenty Road and key metropolitan arterials
For Sale via Expressions of Interest closing Thursday 18 June at 4pm.
For more details on this property please contact:
Rory White 0439 655 504 or Matt Hoath 0418 543 714.
*approx.
