296 Plenty Road, Preston, VIC 3072

Development/Land

Sold $2,500,000

  • Property ID: 433066
  • Land Area: 1644m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 04/09/2023 N/A 1644m2 N/A
Permit Approved Residential Development Site

Stonebridge Property Group is delighted to present for sale 296 Plenty Road, Preston, a permit approved residential development site in one of Melbourne’s highly sought inner metro locations.

Underpinned by a substantial 1,644 sqm* landholding, the property is permit approved for a 6-storey building with 55 apartments and ground floor retail. Situated only 350 m* away from Preston’s renowned High Street retail precinct, the precinct is well supported by transport with proximity to both Bell Train Station and Preston Train Station, as well as Preston High School and ELC options.

Key highlights of the property include:

- Permit approved for a 6 level building with 55 apartments and ground floor retail

- Underpinned by a strategic landholding of 1,644 sqm* zoned Commercial 1 with frontage of over 49 m* to Plenty Road

- Rear frontage of 49 m* via rear laneway access

- Located within the booming inner north suburb of Preston, highly regarded for its retail amenity, schools and lifestyle amenity

- Proximity to famed Preston Market (only 800 m*) as well as a range of local service providers, restaurants, cafes and bars along highly regarded High Street

- Proximity to Preston East Retail and Industrial Precinct (1.2 km*), including national retailers Chemist Warehouse, Petbarn, BCF, Spotlight and Moon Dog World

- Only 1.5 km* from Northland Shopping Centre

- Well supported by public transport infrastructure, including Preston Train Station (800 m*), Bell Train Station (650 m*) and the number 58 Tram line along Plenty Road out the front of the property

To obtain further information please contact the exclusive selling agents, Stonebridge Property Group.

Julian White
0422 764 137

Chao Zhang ??
0411 625 068

Andrew Milligan
0421 559 992

* Approximate

Property Code: 697

Preston Suburb Profile

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