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650-652 Plenty Road, Preston VIC 3072

Construction calculator guide NEED FUNDING? TOWN PLANNING?

Corner development opportunity with holding income

$1,998,000

• A significant land holding of 740 sqm*, ideally situated in a prime corner position in one of Melbourne’s thriving inner Northern suburbs 

• Short term holding income via an expansive motor vehicle business

• Extremely valuable 49 m* frontage to Plenty Road and Rene Street

• Comprehensive development scheme provided for a townhouse development

• Rapidly expanding median house price of $861,000 with a 67%* growth in 5 years

• Preston has been in hot demand by investors, developers and owner occupiers alike as it ticks all the boxes for these buyers. Flanked by two tramlines and with easy access to two train stations, it features a wealth of amenities

• Moments to Northland Shopping Centre, Preston Markets and Summerhill Shopping Centre

For further information or to discuss the opportunity in detail, please contact Knight Frank directly.

*approx.

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