542-544 Murray Road
Preston, VIC 3072

Located on one of the most prominent corner sites in Preston, this offering comprises two impressive commercial properties that present immediate short-term investment opportunities alongside exceptional long-term multi-level development potential, subject to council approval (STCA).

The properties benefit from a high-profile location with enviable urban convenience, including city-bound trams at the doorstep and easy walking distance to Preston Station, the vibrant High Street precinct, and the iconic Preston Market.

Key features include:

• Commercial 1 zoning (C1Z), allowing for a variety of commercial uses and development possibilities.
• A combined land area of approximately 582 square meters, providing substantial space for current operations and future development.
• Access via a rear laneway to both properties, facilitating logistics and deliveries.
• Off-street parking available on both sites, with a total of two car spaces, enhancing convenience for staff and customers.
• Uniform dimensions across the two properties, offering cohesive development potential.
• Property 542 currently operates as a functioning bottle shop equipped with a cool room, ensuring ongoing income generation.
• Property 544 functions as a restaurant featuring a commercial kitchen, providing a well-established hospitality venue.

This rare opportunity combines immediate income with the potential for significant capital growth through redevelopment in a highly sought-after location. Expressions of Interest are invited, closing on 30th June at 6:00 PM.