SOLD
Sold on 09 Feb 2024 for $20,350,000

10-18 Chifley Drive
Preston VIC 3072

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 21341m2
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Property Details for 10-18 Chifley Dr, Preston

Building Type
Land
Land Size
21341m2
Local Government
Darebin
Lot/Plan
6/LP74826

Last Listing description (October 2023)

CBRE and Killen Thomas, are pleased to exclusively present For Sale, 10-18 Chifley Drive, Preston, via Expressions of Interest closing Thursday 25th November 2021 at 3pm AEDT. This offering is one of the last remaining large scale development sites in Preston.

Located only 7.75km* from Melbourne's CBD, the site is strategically positioned within the inner northern growth corridor, providing strategic last mile logistics benefits from its excellent connectivity to surrounding arterials that service the neighbouring residential catchment.


The site is surrounded by an abundance of amenity, within direct proximity of the Northland Shopping Centre, Thornbury Railway Station and the Bell Street Activity Centre (Bunnings, JB Hi Fi, Amart, Rebel, Total Tools).

Key Site Details:
+ Total land area: 19,100sqm*
+ Industrial Zone 3 (IND3)
+ 115m* street frontage (Chifley Drive)

Location Details:
+ Bell Street 615m*
+ Northland Shopping Centre 1.5km *
+ Bell Railway Station 2.6km*
+ Austin Hospital 2.45km *
+ Melbourne CBD 7.75km *

Please contact the exclusive selling agents CBRE and Killen Thomas for further information regarding 10-18 Chifley Drive, Preston. Deadline for Expressions of Interest is Thursday 25th November 2021 at 3pm AEDT.

*denotes approx.

Property History for 10-18 Chifley Dr, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$20,350,000
09 Feb 2024
  • 09 Feb 2024
    Sold for $20,350,000
  • 28 Oct 2021
    Listed for Sale Contact Agent
  • 20 Apr 2012
    Sold for $1,812,923
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About Preston 3072

The size of Preston is approximately 11.5 square kilometres. It has 30 parks covering nearly 4.7% of total area. The population of Preston in 2011 was 29,925 people. By 2016 the population was 32,865 showing a population growth of 9.8% in the area during that time. The predominant age group in Preston is 30-39 years. Households in Preston are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Preston work in a professional occupation. In 2011, 60.2% of the homes in Preston were owner-occupied compared with 56.7% in 2016.

Preston has 20,792 properties. Over the last 5 years, Houses in Preston have seen a 32.89% increase in median value, while Units have seen a 14.94% increase. As at 31 July 2024:

  • The median value for Houses in Preston is $1,168,519 while the median value for Units is $604,072.
  • Houses have a median rent of $615 while Units have a median rent of $500.
There are currently 70 properties listed for sale, and 46 properties listed for rent in Preston on OnTheHouse. According to CoreLogic's data, 784 properties were sold in the past 12 months in Preston.

Suburb Insights for Preston 3072

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.