657 High St, Preston, VIC 3072

Retail | Development/Land | Offices

For Sale Contact Agent

  • Property ID: 432809
  • Floor Area: 75m²
  • Land Area: 220m²
  • Occupancy: Vacant
Preston Freehold with Upside

NSL Property Group is pleased to present 657 High Street Preston, For Sale and now available.

The vacant property in the heart of Preston’s premier retail precinct is ripe for further development (STCA).

Positioned in an established and exclusive retail precinct only minutes from Murray Road and Regent Streets, the site offers flexible Priority Development Zoning.

It is also 2 kms from Northland Shopping Centre, which features 330 speciality stores incorporating approximately 96,200 sqm of retail space.

Only moments away, one of the largest and oldest markets, Preston Market encapsulates the northern suburbs culture of colour, food and hospitality.

The property represents a unique, re-positioning/development opportunity with its proximity to the Preston Activity Centre and Melbourne's CBD.

Key Features include:

Total land area: 220 sqm*

Over 7 metre frontage to High Street

2 on-site car spaces

Approved office / retail development scheme with approx 500sqm NLA

Unique opportunity to occupy, invest or develop (STCA)

Prime, corner allotment

Favourably zoned Priority Development - Schedule 2 Zoning (PD2Z)

Rear Access via laneway

For further information on this property contact NSL Property Group on

Guy Naselli 0413 750 744

Property Code: 73

Preston Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $3530 $383 10.85%
Industrial $3042 $166 5.47%
Retail $4060 $284 6.99%
This is the average advertised price, rent and yield for Preston, VIC 3072*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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