Burson Auto Parts has leased a modern Preston office/industrial building for a store.
The Bapcor brand is paying starting annual rent of $145,000 for the two storey asset at 16 Fink Street, on the prominent north west corner of Chifley Drive.
With 1489 square metres of commercial and showroom space attached to a 637 sqm warehouse, the property also contains about 10 car parks.
Gray Johnsons Rory White said the lease, for an undisclosed “long-term”, was struck with minimum incentives.
The property is 200 metres south of Bell St, on a major route into one of Preston’s commercial areas, he added.
It is also about a kilometre from the Northland Shopping Centre, owned by GPT Group and Vicinity (story continues below).
Elsewhere in the north, the ASX-listed car parts brand has stores at Brunswick East, Campbellfield, Coburg North, Heidelberg West and Thomastown.
The Preston deal comes 15 months since Burson leased a 7218 square metre office headquarters unexpectedly vacated by Kaufland following a renovation at Dexus’ Axxess Business Park, in Mount Waverley.
The retailer was co-established in 1971 by Garry Johnson, who is a Bapcor shareholder.
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