- Fully leased on long leases
- Brand new office building
- Net income $2 million pa + GST
Description
Gorman Commercial together with Cushman & Wakefield Middle Markets are pleased to offer for sale 266 Raglan Street, Preston.
This building is Preston's newest office building, fully leased to Berry Street and International Workplace Group generating a secure net income of approximately $2 million per annum plus GST. Positioned in the heart of Preston's thriving mixed use and commercial precinct just 8km north of the Melbourne CBD, this premium asset presents a rare opportunity with strong passive income, substantial depreciation benefits and long-term upside.
+ New state of the art 3-level 3,155 sqm office building
+ 37 car parks, large bike storage and impressive end-of-trip facility
+ Fully-leased to Berry Street (Government Not For Profit) & IWG
+ Long 7-year and 10-year leases to two excellent covenants
+ Net income: $2 million pa plus GST (approx.)
+ Strategic inner north location with minimal office competition
+ Positioned in the South Preston Activity Centre between High Street and Plenty Road and 500 metres south of Bell Street within walking distance to Thornbury Train Station
+ Land area of 1,780 sqm, zoned C1 with long-term re-devopment potential
+ Significant depreciation benefits
+ Nabers Energy Rating 5.5 Stars
266 Raglan Street, Preston is offered for sale by Expressions of Interest closing Wednesday 15th April 2026 at 2pm.
To arrange an inspection or for further information, please contact the exclusive selling agents:
Gorman Commercial:
Peter Bremner | 0412 326 942
Jonathon McCormack | 0418 835 885
Cushman & Wakefield:
Oliver Hay | 0419 528 540
Daniel Wolman | 0412 957 839
Leon Ma | 0417 070 725