A triple income-stream asset, two street frontages and one prime location on one massive Preston block, boasting a neighbourhood of national brands. The only punch line here is that its got every inclusion with Bells on.
• 3,533 sqm* total land area.
• 804 sqm* total building area.
• Industrial 1 zoning.
• Combined street frontage of 129m to Bell Street and Daley Street.
• $283,488.04 per annum in total leasing income (September 2025).
• Dual frontages and street access points.
• Three income streams.
• 40,000* daily passing vehicles on Bell Street.
• 1 km* to Northland Shopping Centre.
• Surrounded by national retailers JB-HiFi, Officeworks, and Bunnings.
• 2 km* to Bell railway station and Preston Market.
• 10 km* from the CBD.
POINT OF VIEW
Luca Angelico 0447 772 782
luca.angelico@cva.melbourne
“Triple your income, double your frontage, and secure your lucrative future with arguably one of Bell Street’s most prolific and profiled assets.”
With an interest in commerce and experience in construction management, Luca has both the creativity and practical problem-solving skills needed to cut it in this industry. Enthusiastic. Committed. Diligent. Having joined CVA in 2017, it was 2020 that saw him become a Sales and Leasing Executive. A role in which Luca is able to showcase his enthusiastic side, fixated on even the smallest of details which makes all the difference in helping both developers and investors alike. It’s all of this that will keep you interested in working with him, well beyond the point at which your transaction concludes.
“Under the umbrella of real estate, stands alone in its unique and Ongoingly, those in the market align — whether that’s a location growing business or a development value.”
Craig has been transacting Melbourne’s north for more that time, he’s marvelled at within this point of the city burgeoning urban landscape. he has witnessed not just as a property consultant, too. resources to think beyond trends, investor profitability weather — yes, you should
mckellar
craig.mckellar@cva.melbourne
estate, commercial property and diverse opportunity. market have seen prospects location to expand your development with appreciating commercial real estate in more than a decade. And in at how the properties city have adapted to the landscape. It’s a transformation as a real estate agent but He’s equipped with the today and forecast market profitability and even Melbourne’s always pack a jumper.
IAN Angelico 0418 336 088
IAN.angelico@cva.melbourne
“This property isn’t just about location — it’s about a strategic investment with three diverse income streams. With dual street frontages, strong tenants, and room for growth, it’s a property that’s ringing every savvy investor’s alarm Bells.”
In more than 35 years, Ian has witnessed the successful signing of more than two thousand commercial real estate transactions. By adopting a methodical approach amongst a myriad of changing variables, Ian’s experience is sharpened through his holistic exposure to commercial projects across all points of Melbourne. By focusing on maximising each property’s profitability, Ian ensures that at the end of the day, it’s maximising value that determines his success.
PROPERTY TENANT DETAILS
Bristlebird Pty Ltd, trading as Infinity Carwash and Cafe Preston.
The Tree Company
Arboricultural Services Pty Ltd.
Osman Kebab Pty Ltd, trading as Ozzie Kebabs.
Leasing Income
$161,256.00 per annum and outgoings (September 2025).
current term 5+5 years.
Commenced 10th September 2023.
REVIEWS
3% annual increases, market at option.
SECURITY DEPOSIT
$100,000
Leasing income
$83,000 per annum + GST and outgoings.
Current term 5 years.
Commenced 3rd December 2024.
REVIEWS 4% annual increases.
SECURITY DEPOSIT
$22,825.00.
Leasing income
$39,231.27 per annum + GST and outgoings.
Current term Monthly tenancy.
Bristlebird Pty Ltd, trading as Infinity Carwash and Cafe Preston.
This well-established and highly-rated car wash facility includes three selfservice bays, one automatic bay, and one serviced wash bay. For a service that is notoriously easy to complain about, the Google reviews speak for themselves — this is a local favourite for a great polish.
The Tree Company Arboricultural Services Pty Ltd.
With a floor area of 406 sqm* including a canopy of 173 sqm*, this highclearance clear-span warehouse includes a container-height roller shutter door and access via Daley Street.
Osman Kebab Pty Ltd, trading as Ozzie Kebabs.
No community is complete without a go-to kebab dealer. Ozzie has been satisfying this side of Bell Street for many years, and they’ve received nearly 900 Google reviews in the process — some confessing they travel over 2 hours for the ‘Best kebab in Melbourne’.
PROPERTY PARTICULARS
Principal outgoings
Site measurements
title particulars
Council rates – $16,815.65*
Land Tax – $66,100* (single holding basis)
Frontage to Bell Street – 38m*
South Side Boundary –38m*
Eastern Side Boundary – 91m*
Western Side Boundary – 91m*
LOT 2 PS349744 VOL/FOL 10297/796
zoning Industrial 1 Zoning
MUNICIPALITY
City of Darebin
LOCATION
ALL SIGNS POINT TO: BELL STREET
Does this stretch ring any Bells? It should. Over 40,000* commuters pass this point daily, making it one of the northside’s most exposed locations. Pair this with 38 m* of frontage to Bell Street and 91 m* to Daley, and the signage opportunity alone is worth its weight in gold.
big-name neighbours
The commuter numbers make more sense when you zoom out and notice the enterprises setting up shop within a few kilometres of this asset. From a retail lens; there’s a brand new multilevel Bunnings, Dan Murphy’s, Officeworks, JB-HiFi, and Northland Shopping Centre. Convenience is provided through United Petrol, Hungry Jacks, and KFC next door. Home-makers like Nick Scali Furniture, Spotlight, and Harvey Norman draw a weekend crowd, whilst specific shoppers like Drummond Golf, Preston Mazda, 99 Bikes, and Total Tools are here too.
Ranked (industrial) 1 for zoning
This major thoroughfare is ideal for largeformat retail and a variety of national operators. The zoning also opens up the future form to a wide range of uses like warehousing, logistics, manufacturing, and showrooms. And considering the west end of Bell Street has been re-zoned to Priority Development Zones, Mixed Use, or Commercial 1 Zoning, this will likely see an increase in density and multi-level mixed-use properties.
Preston lifestyle
It’s not all concrete jungle, though. From the infamous Preston Markets to the brilliant public transport, this lush green postcode has nurtured its parks and residents. Within your vicinity are HLT Oulton Reserve, GH Mott Reserve, Darebin Creek, and Thornbury High School. For brighter mornings; there’s the Old Milk Bar cafe or Chapter 35 Speciality Coffee Shop, and for even better knockoffs, Moon Dog World is a short walk away.
AND THE POINT?
In the heart of a bustling commercial hub, this property offers over 101 reasons why it’s more than just a prime location. Whether you’re an investor, developer, or owner-occupier, this is the most solid foundation for success — with two entry points to get in.
SUBURB PROFILE
A quiet suburb for residents, but a booming retail and industrial mecca for operators — Preston opened its pivotal-for-its-time bacon-curing factory in 1862, but now it’s the property owners here who are bringing home the bacon.
Preston’s retail sector is thriving, with major national brands like KFC, JB Hi-Fi, and Harvey Norman creating a bustling consumer hub. This activity is set to explode further, thanks to the Preston High Street Activity Centre plan, which aims to transform this area into a vibrant, mixed-use precinct. The plan focuses on increasing retail, office, and residential spaces, ensuring the area becomes an even more attractive destination for businesses and shoppers alike.
Recent infrastructure developments are also fast-tracking Preston’s commercial success. The removal of four railroad crossings and the completion of the Bell and Preston railway stations (as part of the Level Crossing Removal Project) have drastically improved connectivity, cutting down travel times and boosting accessibility to and from the city.
The area’s 7% year-on-year growth in housing prices reflects a rapidly expanding residential market, with more people flocking to Preston for its convenience, affordability, and lifestyle offerings. As more residents move in, commercial demand follows, providing a steady stream of customers for local businesses and increasing opportunities for developers and investors.
Preston’s location just 10 km* from Melbourne’s CBD makes it an ideal spot for businesses targeting both suburban and city-dwelling customers. With the ongoing infrastructure projects, and plans to inject $400 million into the suburb’s development by 2026, Preston is quickly becoming a commercial powerhouse.
NORTH EAST LINK
The North East Link in Melbourne is a major road project that will include a 6.5km* twin tunnel from Watsonia to Bulleen. The project aims to address a missing link in Melbourne’s Road network, by providing an orbital freeway between the Eastern Freeway and the M80
Ring Road and reducing congestion on local roads and cut travel times. The North East Link is designed to take 15,000 trucks of local roads daily and reduce travel times up to 35 minutes. The North East Link is expected to open in 2028.
101 Bell Street in Preston and the North East Link: The nearest North East Link access point to 101 Bell Street, Preston will be Lower Plenty Road, which is 7km* or Manningham Road which is also 7km*, as the North East Link tunnels are planned to include interchanges at these locations.
SALES PROCESS
Expressions of Interest
closing 19th June at 3PM
At CVA, we provide prospective purchasers full transparency, fairness, and respect during the EOI process.
To make our point, we’ve defined and outlined the process below so you’re across it prior to submitting an offer.
Submitting Offers:
Offers are due no later than the date and time advertised for the EOI campaign. They must be submitted through this form with every section completed, signed and emailed to the relevant contact persons by campaign closure. Any offers submitted after this time will be deemed as non-compliant.
Our point of view: we strongly encourage all interested parties to submit their best offer, as the vendor reserves the right to accept an initial offer or to deal exclusively with certain offers in a second round.
Review Process:
All offers will be compiled and presented to the vendor for their consideration after the closing of the EOI campaign.
Upon feedback, we will contact all parties promptly to communicate the vendors instructions relating to their offer.
In the event of a second round, we will request all offers to be provided on a contract of sale with a deposit payable to the CVA Trust account, for the vendor’s consideration.
APPENDICES
Disclaimer: This plan has been prepared for marketing purposes only. Interested parties should undertake their own enquiries as to the accuracy of the information. Areas are approximate and dimension rounding may result in area discrepancies.
All land information taken from the Deposited Plan. Boundaries have not been defined.
Plan Prepared For:
Disclaimer
Schedule
GROUND FLOOR
Disclaimer: This plan has been prepared for marketing purposes only. Interested parties should undertake their own enquiries as to the accuracy of the information. Areas are approximate and dimension rounding may result in area discrepancies.
