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Gross Waddell ICR is pleased to present a rare opportunity to acquire a substantial industrial landholding in the core of Preston’s well-established industrial precinct. Comprising two titles to be sold as one, each site includes a functional industrial shed, offering flexibility for occupiers, investors, or developers (STCA).
The property spans a total land area of 7,125 sqm* with a low site coverage of approximately 35%, allowing significant scope for value-add, redevelopment (STCA), or continued use of the existing improvements with expansive residual land.
Ideally positioned just 10km* from the Melbourne CBD, the site benefits from excellent access to major arterial roads and public transport. It is surrounded by a wide array of local amenities including Northland Shopping Centre, the newly built Bunnings Warehouse on Bell Street, and the vibrant High Street retail and hospitality precinct. Reputable schools and green open spaces are also nearby, further enhancing the location’s appeal.
Key Highlights:
• Total land area: 7,125 sqm*
• Combined building area: 2,500 sqm*
• Industrial 3 Zone (IN3Z)
• Over 100m* of street frontage
• Short-term holding income
• Current use: Auto parts business
• First time offered in 65 years
• Significant development potential (STCA)
*Approx
(STCA) Subject to Council Approval
For Sale via Expressions of Interest closing Wednesday 25th June 2025 at 3:00pm
For further information or to arrange a private inspection, please contact the exclusive sales agents at Gross Waddell ICR.
Remember to mention you found this property on DevelopmentReady
Gross Waddell ICR is pleased to present a rare opportunity to acquire a substantial industrial landholding in the core of Preston’s well-established industrial precinct. Comprising two titles to be sold as one, each site includes a functional industrial shed, offering flexibility for occupiers, investors, or developers (STCA).
The property spans a total land area of 7,125 sqm* with a low site coverage of approximately 35%, allowing significant scope for value-add, redevelopment (STCA), or continued use of the existing improvements with expansive residual land.
Ideally positioned just 10km* from the Melbourne CBD, the site benefits from excellent access to major arterial roads and public transport. It is surrounded by a wide array of local amenities including Northland Shopping Centre, the newly built Bunnings Warehouse on Bell Street, and the vibrant High Street retail and hospitality precinct. Reputable schools and green open spaces are also nearby, further enhancing the location’s appeal.
Key Highlights:
• Total land area: 7,125 sqm*
• Combined building area: 2,500 sqm*
• Industrial 3 Zone (IN3Z)
• Over 100m* of street frontage
• Short-term holding income
• Current use: Auto parts business
• First time offered in 65 years
• Significant development potential (STCA)
*Approx
(STCA) Subject to Council Approval
For Sale via Expressions of Interest closing Wednesday 25th June 2025 at 3:00pm
For further information or to arrange a private inspection, please contact the exclusive sales agents at Gross Waddell ICR.
Remember to mention you found this property on DevelopmentReady
