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 Melbourne's 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.

Knight Frank - Melbourne

Level 29, 120 Collins Street

Melbourne, VIC 3000

Property Highlights

Date Sold	1 Jan 2018
Floor Area	Ask Agent
Land Area	740 m²
Parking	On site parking available
Property ID	2013863698
Category	Development / Land
Last updated	30 Jun 2021

Map for 650-652 Plenty Road Preston VIC 3072

Nearest transport* to 650-652 Plenty Road Preston VIC 3072

Bus

Train

Tram

Plenty Rd/Tyler St (Preston)	100 m
Plenty Rd/Tyler St (Preston)	110 m
Tyler St/Plenty Rd (Preston)	145 m
Tyler St/Oakhill Ave (Reservoir)	149 m

*Within a 4km radius

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Knight Frank - Melbourne

Level 29, 120 Collins Street

Melbourne, VIC 3000

Property Highlights

Date Sold	1 Jan 2018
Floor Area	Ask Agent
Land Area	740 m²
Parking	On site parking available
Property ID	2013863698
Category	Development / Land
Last updated	30 Jun 2021

Listed by

Knight Frank - Melbourne

Call

0396025722

More about 650-652 Plenty Road Preston VIC 3072

650-652 Plenty Road Preston VIC 3072 is categorized as Land & Development Property. It has a land area of 740 m². The listing ID for this property is 2013863698.