140 Plenty Road, Preston

An outstanding investment in your future, this multipurpose building represents the ultimate opportunity to secure a prime corner freehold in a highly regarded and tightly held pocket of Preston. Footsteps to cafes, eateries, the tram, Preston South shopping Mall and Woolworths, and passed by trams, buses, bikes, cars and foot traffic this allotment is improved by business space on the ground floor, while the first floor introduces a spacious one bedroom apartment. The ideal set and forget investment with all the advantages of double stream rental income and capital growth, it will also suit those looking to enjoy a 30 second trip to work, without it impacting their home life!

Currently dual rental leases are in place (Month to Month) – Market Value for rental, price has not been increase due to COVID
- Upstairs – Residential lease
- Downstairs – Commercial Lease (50% outgoings paid for by tenants)


Shop - Commercial 1 Zoning
• 60m2 (approx) portioned into three treatment rooms (easily removed)
• Full bathroom
• Kitchenette
• New Floating floor


Dwelling
• Private access from Flett Street
• Lock up internal access between shop and dwelling
• Garage (access from Flett Street)
• Single large bedroom
• Bathroom
• Dedicated room for large laundry
• Open plan living with stone finished AEG equipped oven
• Entertainer's balcony
• Tenants in place, but can be sold with vacant position

Due diligence checklist - for home and residential property buyers
http://www.consumer.vic.gov.au/duediligencechecklist