620-622 High Street, Preston VIC 3072

Nelson Alexander Commercial are delighted to offer For Sale this substantial inner-north freehold positioned in one of Preston’s most tightly held and rapidly evolving mixed-use precincts.

Occupying an expansive 1,449sqm* landholding with extensive frontage to High Street, the property comprises an existing showroom/warehouse with a building area of approximately 908sqm* (plus 227sqm mezzanine) and provides unparalleled exposure and frontage to High Street.

Importantly, the property benefits from an approved planning permit for a five-level mixed-use development comprising 27 apartments and 2 retail premises, allowing purchasers to capitalise on the extensive planning work already completed with scope for variation and additional height in recent planning changes (STCA)

Positioned within the Activity Centre Zone – Schedule 2 (ACZ2), the property sits within a key urban renewal corridor directly surrounded by major residential, retail and infrastructure growth.

Key Highlights:

> Substantial landholding of 1,449sqm*
> Prominent 30m* frontage to High Street and excellent signage exposure.
> On-site carparking and excellent rear access
> Activity Centre Zone – Schedule 2 (ACZ2)
> Approved permit for 5-level mixed-use development
> Strong location surrounded by transport, retail and lifestyle amenity
> Flexible opportunity to invest, occupy or redevelop

620–622 High Street, Preston represents a rare opportunity to secure a large inner-north landholding with both immediate utility and exceptional future upside in one of Melbourne’s strongest growth corridors.

For all property enquiries or to arrange an inspection, please contact the exclusive selling agents Nelson Alexander Commercial.

*Approx.