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657 High Street, Preston, VIC 3072, 0 Bedrooms, 0 Bathrooms, Section

$1,150,000

657 High Street, Preston, VIC 3072

220m2
SectionListed on Wed Feb 5
North Melbourne

Preston 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, caf?s, 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).

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

Location

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Estimate

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Preston Primary School
0.55 km
Primary
Prep-6
Government
icsea: 1098
Preston High School
0.92 km
Secondary
7-10
Government
icsea: 1104

Property history

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Preston surrounding data

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
62 PENDER STREET, Preston
0.48 km
4
1
-m2
Year 2025 Month 02 Day 16
-
Council approved
23 Spencer Street, Preston
0.20 km
3
2
-m2
Year 2025 Month 01 Day 21
$1,415,000
Council approved
76 Pender Street, Preston
0.43 km
3
1
-m2
Year 2024 Month 11 Day 22
-
Council approved
103B/8 Clinch Avenue, Preston
0.54 km
2
2
-m2
Year 2024 Month 11 Day 18
-
Council approved
4/92 Beauchamp Street, Preston
0.48 km
2
2
-m2
Year 2024 Month 10 Day 16
-
Council approved

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Ref:1P8558Last update:2025-03-11 04:02:20