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657 High St 0.05 Acres of Commercial Land in Preston, VIC 3072
Investment Highlights
- Freehold corner property in Preston’s established retail precinct with over 7 meters of street frontage.
- Positioned minutes from Preston Market and only 2 km from Northland Shopping Centre.
- Located near major arterials and activity hubs, offering strong connectivity to Melbourne CBD.
- Approved office/retail development scheme for approximately 500 sqm of NLA already in place.
- Convenient rear laneway access and provision for on-site parking.
Executive Summary
A fully approved office/retail scheme delivering approximately 500 sqm of net lettable area further enhances the development credentials of this site. With over 7 meters of frontage to High Street and rear laneway access, it offers excellent exposure and functional access for future use.
Its location places it within immediate reach of Murray Road and Regent Streets, and just 2 km from Northland Shopping Centre—home to over 330 specialty stores. Nearby Preston Market, a long-standing retail institution, adds to the property’s appeal by attracting significant foot traffic and enhancing the retail ecosystem in the northern corridor. With Melbourne’s CBD easily accessible and the Preston Activity Centre just moments away, 657 High Street represents a rare asset with clear potential for growth and value creation.
Property Facts
| Sale Type | Investment | Property Type | Land |
| Sale Condition | Redevelopment Project | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.05 AC |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.05 AC |
1 Lot Available
Lot
| Lot Size | 0.05 AC |
| Lot Size | 0.05 AC |
657 High Street, Preston – 220 sqm freehold with Priority Development zoning, rear access, and approved 500 sqm office/retail plans. Steps from Preston Market and near Northland Shopping Centre.
Description
657 High Street in Preston is a vacant freehold property located within an established retail precinct along High Street. The site comprises approximately 220 sqm of land with rear laneway access and over 7 meters of frontage. It is zoned Priority Development Zone – Schedule 2 and includes an approved office/retail development scheme of approximately 500 sqm NLA. Positioned near Murray Road and Regent Streets, the property is within 2 kilometers of Northland Shopping Centre and in close proximity to Preston Market and the Preston Activity Centre, offering strong connectivity to Melbourne’s CBD.
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657 High St
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