547 Plenty RoadPreston VIC 3072
Property Details for 547 Plenty Rd, Preston
Last Listing description (October 2023)
Take advantage of this fantastic opportunity to secure a premium Preston retail space fronting Plenty Road, with the exceptional potential for a future redevelopment (STCA)
Within close proximity to Melbourne CBD, Preston Transport Network & Preston Central Market, 547-549 Plenty Road is the perfect opportunity to secure a retail investment in a premium location with forecasts for strong growth in the years to come.
Boasting height allowances up to 6 Levels (STCA) & in the Preston priority development zone this property offers a range of options to any savvy Developer, Investor or Owner Occupier.
Key features include:
Suit Owner Occupier, Investor or Developer (STCA)
Approximately 331sqm of Land
Building Area 277m2 approx (Showroom 162m2 & Warehouse 115m2)
Commercial 1 Zone
Double Fronted Shop with 11 Metre Frontage
Rear Laneway Access
Up to 6 Level Height Allowance (STCA)
Prime for Mixed Use Development
Priority Development Zoning
Prominent Main Road Exposure
Secure lock up warehouse and parking at rear
For further information please contact Hudson Bond Commercial.
Property History for 547 Plenty Rd, Preston, VIC 3072
- 26 Oct 2023Sold for $1,100,000
- 29 Aug 2023Listed for Sale $1,150,000
- 23 Mar 2023Listed for Sale $1,250,000
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0About 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 20,795 properties. Over the last 5 years, Houses in Preston have seen a 26.86% increase in median value, while Units have seen a 14.01% increase. As at 31 August 2024:
- The median value for Houses in Preston is $1,137,706 while the median value for Units is $613,074.
- Houses have a median rent of $613 while Units have a median rent of $500.
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