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611 Plenty Rd 1,647 SF Office Building Preston, VIC 3072 $691,134 ($419.66/SF)



Investment Highlights
- Mixed-use property featuring showroom/retail frontage and two-bedroom residence at rear.
- Flexible Commercial 1 Zoning enabling diverse applications, including redevelopment (STCA).
- Secure lease in place with opportunity for future value-add through upgrades or change of use.
- Located on a high-visibility road with tram and bus connectivity within steps of the property.
- Existing roller door access and on-site parking providing practical convenience.
- Within close proximity to Preston’s retail and lifestyle precinct and major arterial routes.
Executive Summary
611 Plenty Road in Preston offers a rare opportunity to acquire a versatile mixed-use property in a highly connected urban corridor. The site comprises a retail/showroom component at the front, complemented by a functional two-bedroom dwelling at the rear, delivering strong flexibility for owner-occupiers, investors, or developers.
This property benefits from Commercial 1 Zoning, allowing a broad range of commercial and residential applications (STCA). Positioned near High Street and Tyler Street, it enjoys excellent accessibility and exposure, with tram and bus stops within walking distance and Regent Railway Station less than 1.2 kilometers away.
The building features roller door access and onsite parking, enhancing functional usability for business or residential purposes. Currently leased to an established tenant at the front, the property provides immediate income with additional upside potential through refurbishment or redevelopment.
Located in a dynamic precinct with a mix of retail, service, and residential uses, this property is surrounded by established amenities, ensuring ongoing demand. With its city fringe location and multiple exit strategies, it represents a valuable addition to any portfolio.
This property benefits from Commercial 1 Zoning, allowing a broad range of commercial and residential applications (STCA). Positioned near High Street and Tyler Street, it enjoys excellent accessibility and exposure, with tram and bus stops within walking distance and Regent Railway Station less than 1.2 kilometers away.
The building features roller door access and onsite parking, enhancing functional usability for business or residential purposes. Currently leased to an established tenant at the front, the property provides immediate income with additional upside potential through refurbishment or redevelopment.
Located in a dynamic precinct with a mix of retail, service, and residential uses, this property is surrounded by established amenities, ensuring ongoing demand. With its city fringe location and multiple exit strategies, it represents a valuable addition to any portfolio.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
1,647 SF
Building Class
C
Price
$691,134
Price Per SF
$419.66
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,647 SF
Building FAR
0.52
Lot Size
0.07 AC
Amenities
- Signage
- Accent Lighting
- Automatic Blinds
- Recessed Lighting
- Air Conditioning
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611 Plenty Rd
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