620-622 High Street
Preston, VIC 3072

This substantial inner-north freehold property is located in one of Preston's most sought-after and rapidly evolving mixed-use precincts. It occupies an expansive landholding of approximately 1,449 square meters with extensive frontage to High Street, offering excellent exposure and visibility.

The existing building comprises a showroom and warehouse with a building area of about 908 square meters, complemented by an additional mezzanine space of approximately 227 square meters. This setup provides versatile space suitable for various commercial uses.

Significantly, the property benefits from an approved planning permit for a five-level mixed-use development. This development plan includes 27 apartments and 2 retail premises, presenting a valuable opportunity for investors or developers to capitalize on the extensive planning work already completed. There is also potential for variation and additional height subject to council approval.

Situated within the Activity Centre Zone – Schedule 2 (ACZ2), the property is positioned in a key urban renewal corridor. It is surrounded by major residential, retail, and infrastructure growth, making it a strategic location for future development.

Key highlights of the property include:

• Substantial landholding of approximately 1,449 square meters
• Prominent 30-meter frontage to High Street with excellent signage exposure
• On-site car parking and convenient rear access
• Located within the Activity Centre Zone – Schedule 2 (ACZ2)
• Approved permit for a five-level mixed-use development
• Strong location surrounded by transport links, retail options, and lifestyle amenities
• Flexible opportunity to invest, occupy, or redevelop

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