650-652 Plenty Road Preston VIC 3072
- Development / Land
- 740 m²
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.
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