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39-43 Plenty Rd - The Newbury 10,817 SF Retail Condo Unit Offered at $3,698,990 in Preston, VIC 3072
Investment Highlights
- Located within a major activity center surrounded by national retailers and hospitality venues.
- Excellent transport connectivity via tram route 86 and Preston Railway Station.
- Integrated within a mixed-use development featuring 120 apartments for built-in foot traffic.
- Immediate access to major arterials including Bell Street, St Georges Road, and M80 Ring Road.
Executive Summary
39–43 Plenty Road in Preston, also known as The Newbury, is an apartment with ground floor retail. The site is 9.5 km from Melbourne CBD and has access to tram services, Preston Railway Station, and major arterial roads.
Property Facts
| Total Building Size | 87,285 SF | Floors | 12 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 7,274 SF |
| Property Subtype | Apartment | Lot Size | 0.49 AC |
| Building Class | C |
| Total Building Size | 87,285 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 12 |
| Typical Floor Size | 7,274 SF |
| Lot Size | 0.49 AC |
1 Unit Available
| Unit Size | 10,817 SF | Condo Use | Retail |
| Price | $3,698,990 | Sale Type | Investment |
| Price Per SF | $341.96 |
| Unit Size | 10,817 SF |
| Price | $3,698,990 |
| Price Per SF | $341.96 |
| Condo Use | Retail |
| Sale Type | Investment |
Sale Notes
This ground-floor retail property is located in the heart of Preston’s activity center, offering a strategic position within a high-growth inner-north precinct. The asset comprises approximately 1,005 sqm of retail space with a prominent 32-meter frontage to Plenty Road, providing strong exposure and branding opportunities.
The property is integrated within the architecturally designed Newbury development, which includes 120 modern apartments, ensuring consistent foot traffic. Surrounding amenities include Woolworths, Aldi, BWS, Chemist Warehouse, Dan Murphy’s, Australia Post, and a range of hospitality operators, reinforcing the area’s status as a key retail destination.
Positioned just 9.5 km from Melbourne CBD, the site benefits from excellent transport connectivity with tram route 86 at the doorstep, walking distance to Preston Railway Station, and immediate access to Bell Street, St Georges Road, and the M80 Ring Road. This opportunity combines strong locational advantages with future flexibility in a rapidly evolving precinct supported by significant residential and infrastructure growth.
Presented by
39-43 Plenty Rd - The Newbury
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