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650-652 Plenty Road, PRESTON VIC, 3072

Sold
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Property Sold in 650-652 Plenty Road, PRESTON VIC, 3072

Knight Frank Australia

Level 29, 120 Collins Street, Melbourne, VIC 3000

Listing ID:
11263275
Status:
Sold
Last Updated:
01/05/2020
Price:
Contact agent
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Property Type

Land/Development
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Land Area

740 SQM
Icon size

Floor Area

0 SQM
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Parking

N/A

Townhouse development site with holding income

• 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.

For more details, please email agent

Knight Frank Australia

Level 29, 120 Collins Street, Melbourne, VIC 3000


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