Investment Property
For Sale
  • Retail
  • Set & Forget Retail Investment with Brand New Lease to National Furniture Giant

    Unit 5/19-33 Murray Road, Preston, VIC 3072 Australia
    Investment Property
    For Sale
  • Retail
  • Set & Forget Retail Investment with Brand New Lease to National Furniture Giant

    Unit 5/19-33 Murray Road, Preston, VIC 3072 Australia
    Building Size
    1,078 SQM
    Building Size
    1,078 SQM

    OVERVIEW

    Cushman & Wakefield are pleased to present For Sale the Early Settler Showroom at Northland Homemaker Centre in Preston. 


    - Recently renewed six-year lease to leading home furniture retailer Early Settler, which operates 67 stores nationwide, generates over $100 million in annual revenue, and employs more than 450 staff across Australia.


    - Secure investment with fixed annual rent increases of 3% and a three-month irrevocable bank guarantee in place, offering strong protection for any incoming purchaser.


    - Prime position within the high-performing Northland Homemaker Centre, surrounded by major national and global retailers including McDonald’s, Forty Winks, Freedom, Snooze, Fantastic Furniture, OZ Design and Focus on Furniture.


    - Exceptional strategic location directly opposite Northland Shopping Centre, one of Melbourne’s largest and most prominent retail destinations.


    - High-quality LFR (Large Format Retail) asset in a centre with historically low vacancy rates—currently 100% leased with no available tenancies.


    - Outstanding visibility with approximately 20 metres* of frontage and valuable rear access via Palmer Street with the inclusion of two off-street car parks and generous customer parking availability.


    - Highly exposed site on prominent Murray Road, benefiting from convenient, centrally located car parking within the complex.


    For Sale by Public Auction to be conducted Thursday 28th August 2025 at 12.30pm. 


    For more information, please contact the Cushman & Wakefield City Fringe Sales team as the exclusive selling agent:


    Daniel Wolman | +61 412 957 839

    George Davies | +61 421 799 489

    Raphael Favas | +61 435 916 380

    - North Melbourne

    Details

    Building Size:
    1,078 SQM
    Sale Price:
    Contact us for pricing

    AVAILABILITIES

    LOCATION

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