‘Funky’ Preston warehouse’s days could be numbered

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Will there be a divine sale of this “eye-catching” warehouse.

A quirky warehouse studio in Preston is likely to make way for a multi-level development site.

The commercial-one-zoned property at 140 High St is currently occupied by Divinyl Signs, and is listed as a mortgagee sale.

It last sold for $235,000 in March 2012 according to CoreLogic, and is leased until May 2021 for $26,906 per annum.

A nearby warehouse at 136 High St recently sold for $1.05 million.

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The striking white facade with graffiti in the corner.

The quirky decor.

The former home of Preston Plate.

Nelson Alexander Commercial agent Kristian Lunardi said the space would likely be a development site in the future, with scope for five stories subject to council approval.

“The property has that industrial feel … and the inside is pretty funky in a way that is typical to Preston,” Mr Lunardi said.

“The tenants run a design-based printing company, and there is a lot going on in there.

“Otherwise, it is pretty straight forward with right of way access at the back.”

The property is located on 230sq m, and features House of Divine signage on the facade.

Inside are “eye-catching” interiors with artwork scattered throughout.

Mr Lunardi said the buyer would most likely be a developer, and they would have to wait until the end of the tenant’s lease before making any changes.

The warehouse appears to be surrounded by apartments.

Off street parking at the rear.

The property is expected to go to auction on June 27.

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