229-247 High Street & 324-330 Bell Street Preston VIC 3072

Gross Waddell ICR is pleased to offer to the market this significant development opportunity located at the gateway to the inner-north & in arguably Preston's most coveted location.

This collection of properties is being offered for sale as a whole or individually.

Key features include:

A collection of 5 properties offered as a whole or individually with land areas ranging from 204sqm* to 4,134sqm*

High exposure corner site with over 122m* frontage to Bell Street & High Street

The total site has access points and frontage to 4 streets

Existing buildings on 4 properties allowing for short term holding income

Favourable Priority Development Zone (PDZ) which encourages the use of high density development

Earmarked for a proposed 10 storey development under the Preston Central Draft Structure Plan (STCA)

Surrounded by an abundance of retail/shopping amenities including Preston Market, High Street retail precinct and Northland Shopping Centre

Easy access to public transport amenity including Bell Train Station and tram stops along Plenty Road providing direct access to the Melbourne CBD

Preston Gateway is being offered for sale by Expressions of Interest closing Wednesday 5th March 2025 at 3:00pm. All offers will be considered.

For more information or to organise an inspection, please contact Gross Waddell ICR directly.

*Approx.