Cushman & Wakefield Middle Markets together with Gorman Commercial are pleased to offer for sale 266 Raglan Street, Preston, Preston’s newest office building, fully leased to Berry Street and International Workplace Group and 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 3,155sqm 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 from Bell Street
- Land area 1,780sqm, zoned C1 and long-term re-development potential
- Significant depreciation benefits
- Nabers Energy Rating 5.5 Stars
266 Raglan Street, Preston is offered for sale by Expressions of Interest closing Wednesday 15 April 2026 at 2pm.
To arrange an inspection or for further information please contact the exclusive selling agents:
Cushman & Wakefield
Oliver Hay | +61 419 528 540s
Daniel Wolman | +61 412 957 839
Leon Ma 马海翔 | +61 417 070 725
Gorman Commercial
Peter Bremner | +61 412 326 942
Jonathon McCormack |+61 418 835 885
*Approx
- North Melbourne
