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312A-314 High St 646 SF Retail Building Preston, VIC 3072 $644,803 ($998.40/SF)
Investment Highlights
- Prominent High Street frontage in Preston’s core retail precinct.
- Sold with vacant possession, enabling immediate occupation.
- Flexible open-plan layout with redevelopment potential (STCA).
- Zoned Activity Centre Zone 2, supporting mixed-use initiatives.
Executive Summary
This rare opportunity introduces a highly visible retail property situated in the dynamic High Street commercial precinct of Preston. With a 60 m² building footprint on a generous 295 m² parcel, the site offers remarkable adaptability for retail, mixed-use, or redevelopment possibilities (STCA). The property will be sold with vacant possession, ensuring immediate flexibility for owner-operators and investors alike.
Positioned among a vibrant mix of established retailers and bustling with foot traffic, the location benefits from strong connectivity to public transportation. A short walk to Preston Railway Station and multiple tram lines ensures seamless accessibility for customers and staff. Zoned Activity Centre Zone 2, the property aligns with urban development priorities, opening doors for future value enhancement.
With its commanding street frontage and proximity to cafes, neighborhood shopping, and essential services, this asset combines day-to-day consumer exposure with long-term growth potential. Whether for an immediate retail use or a strategic holding, this offering serves as an attractive proposition in Melbourne’s thriving northern corridor.
Positioned among a vibrant mix of established retailers and bustling with foot traffic, the location benefits from strong connectivity to public transportation. A short walk to Preston Railway Station and multiple tram lines ensures seamless accessibility for customers and staff. Zoned Activity Centre Zone 2, the property aligns with urban development priorities, opening doors for future value enhancement.
With its commanding street frontage and proximity to cafes, neighborhood shopping, and essential services, this asset combines day-to-day consumer exposure with long-term growth potential. Whether for an immediate retail use or a strategic holding, this offering serves as an attractive proposition in Melbourne’s thriving northern corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
646 SF
Building Class
C
Price
$644,803
Price Per SF
$998.40
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.07 AC
Frontage
17’ on High Street
Amenities
- Courtyard
- Signage
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312A-314 High St
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