Preston warehouse with redevelopment potential for sale
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Feb 27, 2020
Preston warehouse with redevelopment potential for sale
A well-positioned commercial property in Melbourne's north will go under the hammer next month through Gray Johnson.
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Gray Johnson458-460 High Street, Preston
Preston's thriving mixed-use precinct is the setting for a commercial property to be auctioned next month.
Situated on the eastern side of High Street, between Murray Road and Wood Street, 458-460 High Street is a significant landholding of 557 square metres that would suit a variety of uses (STPA).
The lofty ceilings and exposed timber trusses of the stand-alone warehouse contribute to its scope for refurbishment or redevelopment, while the property also enjoys Priority Development Zoning. This allows for a development of four storeys (13 metres approx.).
At a glance:
- A prominent property at 458-460 High Street is for sale through Gray Johnson.
- The standalone warehouse of approximately 557 square metres is positioned in a vibrant mixed-use precinct.
- An auction will be held at 12pm on Thursday, March 19.
Other benefits include expansive frontage of approximately 18.3 metres to High Street, as well as access to major arterials including St Georges Road, Cramer Street, Murray Road, Plenty Road and Bell Street, plus all modes of public transport.
The surrounding area boasts a range of high-profile occupants such as Woolworths, The Preston Market, Bob Jane T-Marts, Preston Hotel and Hungry Jacks.
An auction for 458-460 High Street, Preston will be held at 12pm on Thursday, March 19.
For more information, email or phone Rory White via the details provided below.
Click here to view the listing.
Similar to this:
North-east Melbourne industrial asset sold for $3.4 million
Important Information:
Contact details:
Rory White
Gray Johnson
+61439 655 504
Email
12442
9140
Rory White
