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112-124 Plenty Rd 0.22 Acres of Commercial Land in Preston, VIC 3072
Investment Highlights
- Corner site with dual street frontage and valuable exposure on Plenty Road.
- Flexible development potential for commercial or medical uses (STCA).
- Strong passing traffic with tram and bus routes directly adjacent to the property.
- Located in a high-demand inner-north corridor benefiting from sustained population and commercial growth.
Executive Summary
Positioned for maximum exposure, the property benefits from uninterrupted tram, bus, cycle, and vehicle traffic flow along Plenty Road. The surrounding precinct features a vibrant mix of cafés, established eateries, Preston South Shopping Centre, and Woolworths, serving a strong local catchment. Its flexible zoning allows for an array of uses, including commercial offices, medical consulting facilities, or a mixed-use outcome (STCA).
Opportunities combining prime location, strong holding income, and future upside rarely become available. This property offers a compelling option for those seeking capital growth and long-term value creation within Melbourne’s thriving inner-north market.
Property Facts
| Sale Type | Investment | Property Type | Land |
| Sale Condition | Redevelopment Project | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.22 AC |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.22 AC |
1 Lot Available
Lot
| Lot Size | 0.22 AC |
| Lot Size | 0.22 AC |
Prime corner freehold with dual street frontage in Preston. Redevelop, occupy, or hold with holding income. Exceptional exposure near transport, retail, and dining. Suitable for commercial or medical use (STCA).
Description
112 & 124 Plenty Road occupies a corner position in Preston with direct frontage to Plenty Road. Public transport connectivity includes tram stops immediately adjacent to the property and train access at Bell Railway Station approximately 518 meters away. Surrounding amenities include local retail at Preston South Shopping Centre and national retailers such as Woolworths. The property is currently tenanted and offered via Expression of Interest for redevelopment or continued occupation subject to applicable approvals.
Presented by
112-124 Plenty Rd
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