Gray Johnson has listed for sale a prominent 1071-square metre industrial site in Melbourne’s northern suburbs.

The Preston property has two expansive street frontages – on Rennick and Cope Streets – which features a combined frontage of 89 metres approx.

The property is located close to major arterials including Bell Street, Albert Street and Grange Road, and the Eastern Freeway.

The property is described as a “rare industrial opportunity” by the selling agent and the campaign is being managed by the company's senior sales executives Rory White and Matt Hoath. 

At a glance: 

• The Preston property is located on the corner of Rennick and Cope Streets
• It is listed as a 1071-square metre site
• The warehouse has two street frontages with a combined frontage of 89 metres
• Current rental: $59,000 pa Net
• Significant long term development potential (STPA)

The Melbourne suburb of Preston is located nine kilometres north of the CBD and is located in the local government area of the City of Darebin.

The area is a traditional industrial hub, which has also recently experienced the effects of gentrification.  

Read more: 

Five-storey South Melbourne building expected to fetch $15 million

Sunshine Coast golf course with development opportunity hits the market

CBRE Hotels lists site in Hunter Valley