650-652 Plenty Road Preston VIC 3072

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.