657 High Street, Preston, Vic 3072

•	Located within the newly proposed Preston Central Major Activity Centre (Preston Central Structure Plan 2023)
•	Up to 6 levels (21 meters in height)
•	Increase of approx. 50% GFA compared to current planning controls. Total GFA is 1088sqm (STCA), under the new controls
•	Pro-development strategy, unpinned by State Government for residential
•	Also, suitable use Retail, Office, Hospitality, Build-to-Rent (residential) or Mixed-Use (STPA)
•	Learn more here: https://vpa.vic.gov.au/project/preston-high-street/

Currently permitted as a three-storey commercial building, suitable for office, retail and hospitality.

Keep the same permit or apply for an amendment for up to 21m (6 storey) under the newly approved planning controls (STCA). 
Ideally located in this busy and ever-changing precinct and within walking distance to Preston Station, Preston Market, cafés, restaurants, Plenty Road Tram (etc). 

•	Zoning – Priority Development Schedule 2
•	Land – 220m2 (approx.). High Street walkway and rear lane access
•	Opportunity for secured lease for rooftop to Telecommunications company for 20 years (STA). 

Auction: Saturday 8th March at 11.00am (on site)