One of Victoria’s leading residential agencies, Marshall White, is offering a 1787m2 development site positioned only 10km from Melbourne’s rapidly evolving CBD precinct.
Offered via an Expressions of Interest campaign, the magnificent project would suit medium and high density developers looking to take full advantage of it’s permit approved status, with 77 apartments and associated retail spaces offered across seven levels.
Preston itself, aptly described as a ‘vibrant, multicultural hub just north of the City’ , boasts a high demand market consisting of independent professionals and young families that have helped increase the unit median price from $390,000 in 2012 to $455,000 in 2015 (Core Logic RP Data).
Complementing the site’s strategic location and urbane demographic are efficient transport links via main roads in High Street & Plenty Road, as well as through Preston train station and myriad of tram stops.
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