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Newly Rezoned - Mixed Use Development Potential

Preston, 581 Plenty Road

$1,200,000 Plus GST (if any)

Listing Number: VNP6426
About this listing
This magnificent double fronted light filled retail shop with main road exposure is in ones of Melbourne's most sought after and fastest growing locations, within walking distance to Northland Shopping Centre, Preston Market, High St Shopping District, schools, restaurants, bars, tram and train lines, easy access to Bell St and other major arterials, only 9km's from the CBD.

Currently tenanted to an Education Facility, this solid investment is made even more attractive by being newly rezoned to allow for a mixed use development (STCA) in an area where value is underpinned by established infrastructure.

Features include:

- Development Potential of 6 Levels (STCA)
- x 3 large office rooms
- Reception area
- Separate male and female bathrooms including shower
- Fully equipped kitchen with meals area
- 2 off street parking spaces via Laneway access
- Tenanted at $50,000 + GST + outgoings - Lease commenced 1st March 2017 on 3 years with 3 year option
- Building size of 300m2
- Land Size of 331m2
Property Information
  • Floor Area: 331 sqm
  • Property Type: Retail
  • Floor Area
    • Retail Square Metres: 331

Contact Details

Property Location

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