39-43 Plenty Road, Preston

10-YEAR NET LEASE IN HIGH-EXPOSURE ACTIVITY CENTRE PRECINCT OPPOSITE WOOLWORTHS, ALDI & BWS

Jones Real Estate is pleased to present 39–43 Plenty Road, Preston, For Sale via Public On-Site Auction on Friday 20th June 2025 at 10:30am (AEST).

Positioned in the heart of Preston’s rapidly evolving activity centre, this versatile ground-floor retail investment offers long-term income security, exceptional exposure, and strong fundamentals underpinned by significant residential and infrastructure growth.

Key highlights of this opportunity include:

– Tenanted by ‘Work by Amber’ currently returning $352,683.82 per annum + GST & Outgoings on a 10-year net lease with both bank and personal guarantees in place, offering secure long-term income.

– Located in a true destination activity centre precinct prime for long term growth, positioned directly opposite a full line Woolworths, Aldi + BWS and surrounded by Chemist Warehouse, Dan Murphy’s, Australia Post and established hospitality offerings.

– Prominent 32m * retail frontage with exceptional exposure and branding opportunity in a high-traffic location.

– Comprises 1,005sqm* of high-end retail space featuring podcast studios, private offices, boardrooms and breakout areas.

– Located within the architecturally designed Newbury development comprising 120 modern apartments, delivering strong built-in foot traffic.

– Includes 24 secure on-site car parks – a rare feature in inner-urban commercial assets.

– Positioned within Melbourne’s growing inner-north, just 9.5km* from the CBD and surrounded by major residential and infrastructure growth.

– Excellent transport connectivity with tram route 86 at the doorstep and walking distance to Preston Railway Station.

– Immediate access to major arterials including Bell Street, St Georges Road and the M80 Ring Road.

– Situated within a Commercial 1 Zone (C1Z), allowing for flexible future use and benefiting from more than 400 new or upcoming dwellings within 200m*.

*Approx.

For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.