Savills is delighted to offer for sale this magnificent development site situated in a highly sought after position just metres from the bustling High Street precinct. This property represents a fantastic opportunity to acquire a prime corner development site within the rapidly evolving and highly sought after suburb of Preston with a recently approved permit for a striking 9 level mixed-use development. The key attributes of this fantastic property include:
- A high profile corner site of 1,761sq m*
- Extensive frontages to Cramer Street & St Georges Road
- Flexible Priority Development Zone 2
- Approved permit for a 'Hayball' designed project comprising 95 apartments (with majority 2 bedroom apartments) plus retail
- All apartments will enjoy high levels of natural light due to the corner position
- Potential for stunning views, including CBD views from the upper levels
- An ideal location just behind the High Street retail precinct, featuring the Preston Market, Aldi, Woolworths, and more
- Easy access to Preston Train Station plus St Georges Road trams, providing direct CBD access
- Preston just 8km* from the CBD is currently undergoing a boom in apartment development and seeing rapidly rising sales rates
- A high quality, permit approved development opportunity designed by renowned architects
The opportunity to secure such a prime development site in one of Melbourne's growth suburbs and key retail locations is incredibly rare, especially when you consider the proximity to quality retail amenity, public transport, size of the site, successful surrounding developments and planning approval for a spectacular mixed use development.
For further information, please contact:
Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655
