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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.
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