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657 High Street, Preston, VIC, 3072

Name: 657 High Street, Preston, VIC, 3072
Address: 657 High Street , VIC, Preston, VIC, 3072
Telephone: +61 419 337 719

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657 High Street, Preston, VIC, 3072

Preston

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657 High Street, Preston, VIC, 3072

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657 High Street, Preston, VIC, 3072

Preston

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657 High Street, Preston, VIC, 3072

Properties / Buy / Victoria / Preston

Development Approved

Property Type

Residential, Commercial

Sub Type

Apartment Sites, Land Site

Land Area

220 m² (*approx)

Zoning

Priority Development Schedule 2

Selling Method

For Sale: $1,150,000

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NEW HEIGHT LIMIT – OUTSTANDING VACANT DEVELOPMENT SITE – PRIME MAIN ROAD EXPOSURE

Located within the newly proposed Preston Central Major Activity Centre (Preston Central Structure Plan 2023)
Up to 6 levels (21 meters in height)
Increase of approx. 50% GFA compared to current planning controls. Total GFA is 1088sqm (STCA), under the new controls
Pro-development strategy, unpinned by State Government for residential
Also, suitable use Retail, Office, Hospitality, Build-to-Rent (residential) or Mixed-Use (STPA)
Learn more here: https://vpa.vic.gov.au/project/preston-high-street/

Currently permitted as a three-storey commercial building, suitable for office, retail and hospitality.

Keep the same permit or apply for an amendment for up to 21m (6 storey) under the newly approved planning controls (STCA).

Ideally located in this busy and ever-changing precinct and within walking distance to Preston Station, Preston Market, cafés, restaurants, Plenty Road Tram (etc).

Zoning – Priority Development Schedule 2
Land – 220m2 (approx.). High Street walkway and rear lane access
Opportunity for secured lease for rooftop to Telecommunications company for 20 years (STA).

Development Approved

657 High Street Development Site Summary

Property Type

Residential, Commercial

Sub-type

Apartment Sites, Land Site

Land Area

220 m² (*approx)

Zoning

Sourced by DistrictData

Priority Development Schedule 2

Selling method

For Sale: $1,150,000

Development Site Highlights

NEW HEIGHT LIMIT – OUTSTANDING VACANT DEVELOPMENT SITE – PRIME MAIN ROAD EXPOSURE

Located within the newly proposed Preston Central Major Activity Centre (Preston Central Structure Plan 2023)
Up to 6 levels (21 meters in height)
Increase of approx. 50% GFA compared to current planning controls. Total GFA is 1088sqm (STCA), under the new controls
Pro-development strategy, unpinned by State Government for residential
Also, suitable use Retail, Office, Hospitality, Build-to-Rent (residential) or Mixed-Use (STPA)
Learn more here: https://vpa.vic.gov.au/project/preston-high-street/

Currently permitted as a three-storey commercial building, suitable for office, retail and hospitality.

Keep the same permit or apply for an amendment for up to 21m (6 storey) under the newly approved planning controls (STCA).

Ideally located in this busy and ever-changing precinct and within walking distance to Preston Station, Preston Market, cafés, restaurants, Plenty Road Tram (etc).

Zoning – Priority Development Schedule 2
Land – 220m2 (approx.). High Street walkway and rear lane access
Opportunity for secured lease for rooftop to Telecommunications company for 20 years (STA).