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585-593 Plenty Road, Preston 2 Retail Properties in Preston
Investment Highlights
- Three separate titles combining for a total land holding of 798 sqm.
- Four separate tenancies offering a strong potential net income stream of $150,000 per annum.
- Located near High Street’s vibrant retail precinct with excellent arterial and public transport connectivity.
- Dual frontage at the corner of Plenty Road and Shakespeare Avenue with maximum exposure.
- Zoned Commercial 1 (C1Z) allowing diverse mixed-use and redevelopment opportunities (STCA).
- Sits within a rapidly evolving residential catchment that supports future growth and demand.
Executive Summary
NSL Property Group presents a rare and highly versatile corner site spanning 798 sqm across three separate titles at the intersection of Plenty Road and Shakespeare Avenue in Preston. Positioned only moments from the bustling High Street shopping precinct, this property offers prospective buyers a significant development and investment opportunity in one of Melbourne’s most dynamic growth corridors.
The combined attributes of Commercial 1 Zoning and outstanding exposure provide flexibility for mixed-use, high-density residential, or commercial projects (STCA). The holding income potential of approximately $150,000 per annum from multiple tenancies enhances the property’s immediate value proposition, while long-term redevelopment options amplify future upside.
Benefiting from superior connectivity to Bell Street, surrounding arterial routes, and excellent public transport access, the property sits amidst thriving residential developments and a growing urban precinct. This is a strategic acquisition for developers, investors, or land bankers seeking a secure holding with future scalability.
The combined attributes of Commercial 1 Zoning and outstanding exposure provide flexibility for mixed-use, high-density residential, or commercial projects (STCA). The holding income potential of approximately $150,000 per annum from multiple tenancies enhances the property’s immediate value proposition, while long-term redevelopment options amplify future upside.
Benefiting from superior connectivity to Bell Street, surrounding arterial routes, and excellent public transport access, the property sits amidst thriving residential developments and a growing urban precinct. This is a strategic acquisition for developers, investors, or land bankers seeking a secure holding with future scalability.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 7,881 SF |
| Number of Properties | 2 | Total Land Area | 0.20 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,881 SF |
| Total Land Area | 0.20 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 591-593 Plenty Rd, Preston VIC 3072 | Retail | 4,994 SF | - | - |
| 585-587 Plenty Rd, Preston VIC 3072 | Retail | 2,886 SF | - | - |
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585-593 Plenty Road, Preston
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