December 10, 2021 Industrial, Inner-North, Northern Suburbs, Preston, Sold

Prominent Preston Industrial Investment Sells Below 5% Yield

By Matt Hoath

GrayJohnson has recently negotiated the sale of a substantial industrial freehold on a 4,916 sqm site for in excess of $8,500,000.

22 Reserve Street, Preston is leased to a long standing tenant on an annual rental of $450,000 pa net + outgoings.

It is positioned in the inner north’s premier industrial estate and surrounded by high profile occupants including Chemist Warehouse head office, Bunnings, Robot Building Supplies, Repco and Northland Shopping Centre.

For more details contact Matt Hoath 0418 543 714.

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