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Sold on 1 Jan 2018

650-652 Plenty Road Preston VIC 3072

  • Development / Land
  • 740 m²
  • Sold

Townhouse development site with holding income

  • Significant land holding of 740 sqm
  • Short term holding income
  • Scheme for 10 townhouses

A significant land holding of 740 sqm*, ideally situated in a prime corner position in one of Melbournes thriving inner Northern suburbs

Comprehensive development scheme for 10 expansive townhouses

Short term holding income available

Recently rezoned to MUZ, allowing development up to 6 floors (STCA). Providing flexibility to alter the scheme to apartments, childcare, or a mixed use development (STCA)

Extremely valuable 49 m* frontage to Plenty Road and Rene Street

Rapidly expanding median house price of $861,000 with a 67%* growth in 5 years

Preston has been in hot demand by investors, developers and owner occupiers alike as it ticks all the boxes for these buyers. Flanked by two tramlines and with easy access to two train stations, it features a wealth of amenities

Moments to Northland Shopping Centre, Preston Markets and Summerhill Shopping Centre

For further information or to discuss the opportunity in detail, please contact Knight Frank directly.

*approx.

Danny Clark
Knight Frank - Melbourne
Danny Clark
Knight Frank - Melbourne

Property Highlights

Property ID2013863698
Date Sold1 Jan 2018
Floor AreaAsk Agent
Land Area740 m²
ParkingOn site parking available
Category
Last updated  1 Feb 2021
Map for 650-652 Plenty Road Preston VIC 3072
Map for 650-652 Plenty Road Preston VIC 3072650-652 Plenty Road Preston VIC 3072
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

Find out your loan options

Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

Danny Clark
Knight Frank - Melbourne
Danny Clark
Knight Frank - Melbourne

Property Highlights

Property ID2013863698
Date Sold1 Jan 2018
Floor AreaAsk Agent
Land Area740 m²
ParkingOn site parking available
Category
Last updated  1 Feb 2021
Knight Frank - Melbourne
Level 29, 120 Collins Street Melbourne VIC 3000
Danny Clark
Knight Frank - Melbourne
Danny Clark
Knight Frank - Melbourne

Ask Danny Clark about this property

Danny Clark

Danny Clark

Knight Frank - Melbourne

8548 *** ***
8548 6809

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