Name: 492-494 High Street, Preston, VIC 3072
Address: 492-494 High Street , VIC, Preston, VIC, 3072
Telephone: +61 400 506 219

+10 Photos

SOLD

492-494 High Street, Preston, VIC 3072

Properties / Sold / Victoria / Preston

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Office, Retail/Shopping Centre

Land Area

297 m² (*approx)

Selling Method

SOLD: SOLD

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2. Property Highlights

Endless Possibilities on High Profile Corner

*Expressions of Interest close Tuesday 16th May at 3:00pm*

Hockingstuart Preston is pleased to offer for sale this double fronted commercial property with onsite parking, situated on a prime corner position with rear lane access, that offers flexible options to occupy/invest or develop in a Priority Development Zone (STCA).

This exceptionally positioned High Street property offers a developer, small business owner or savvy investor an exciting opportunity to secure their spot in one of Melbourne's most popular inner-northern communities.

The property comprises a generous shop front of approx. 94.6m2 currently operating as Youngman Cafe fitted with Dining room, kitchen and store/cold room and a rear carpark

• Freehold Commercial building with an abundance of car-parking at the rear

• Offered with the security of a newly signed 3 year lease to 2026 returning $42,809 inclusive of GST + outgoings plus a further 3 year option

• Prime corner landholding of 297m2* with rear lane access

• Bustling High Street retail precinct offering a plethora of retail amenities and transport options

• Occupy / Invest / Develop (STCA)

• PDZ2 - Priority Development Zone - Schedule 2 with future potential 4 level development (STCA).

• Development potential with concept drawings available on request

For further information or to inspect the property, please contact:

Abraham Kalamouni 0400 506 219

Joe Ledda 0418 176 858

Remember to mention you found this property on DevelopmentReady