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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

657 High Street, Preston, VIC, 3072

Properties / Buy / Victoria / Preston
Development Approved

1. Property Summary

Property Type
Residential, Commercial
Sub Type
Apartment Sites, Land Site
Land Area
220 m² (*approx)
Zoning
Priority Development Schedule 2
Selling Method
Auction: $950,000 - $1,000,000
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2. Property Highlights

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

Auction: Saturday 8th March at 11.00am (on site)

 

  1. Located within the newly proposed Preston Central Major Activity Centre (Preston Central Structure Plan 2023)
  2. Up to 6 levels (21 meters in height)
  3. Increase of approx. 50% GFA compared to current planning controls. Total GFA is 1088sqm (STCA), under the new controls
  4. Pro-development strategy, unpinned by State Government for residential
  5. Also, suitable use Retail, Office, Hospitality, Build-to-Rent (residential) or Mixed-Use (STPA)
  6. 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).

 

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

 

Read More
Development Approved

1. Property Summary

Property Type
Residential, Commercial
Sub-type
Apartment Sites, Land Site
Land Area
220 m² (*approx)
Priority Development Schedule 2
Selling method
Auction: $950,000 - $1,000,000

2. Property Highlights

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

Auction: Saturday 8th March at 11.00am (on site)

 

  1. Located within the newly proposed Preston Central Major Activity Centre (Preston Central Structure Plan 2023)
  2. Up to 6 levels (21 meters in height)
  3. Increase of approx. 50% GFA compared to current planning controls. Total GFA is 1088sqm (STCA), under the new controls
  4. Pro-development strategy, unpinned by State Government for residential
  5. Also, suitable use Retail, Office, Hospitality, Build-to-Rent (residential) or Mixed-Use (STPA)
  6. 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).

 

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

 

Read More
Development Approved

3. Property Location

657 High Street, Preston, VIC, 3072

Property Map

4. Due Diligence

Site Report Available

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Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
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657 High Street, Preston, VIC, 3072 Preston
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