509 High St, Preston, VIC 3072 | Commercial for rent | OnTheHouse
 
FOR RENT
Price on application

509 High Street
Preston VIC 3072

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 507m2
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Must be leased - all offers considered!

Grab this chance to occupy a slice of this large corner site in the heart of Preston.
With dual entrances both to High Street and also the laneway off Clinch Avenue opposite Woolworths, this property offers excellent exposure to this vibrant and growing area.
Previously used as a fresh seafood and small supermarket outlet, the existing fitout would lend itself to a similar use, or any other business that would benefit from excellent exposure, high traffic flow and multiple entrances.
• Building area | 507sqm approximately
• Dual entrances and exposure to Woolworths Carpark
• Large retail area
• Flexible leasing terms
• Zoning | Priority Development Zone
This property can also be combined with the current lease listing at 18/501-509 High Street on the same floor to take your floorplate to 640sqm approximately, that would secure incredible frontage to High Street and Clinch Avenue.
Enquire today to arrange an inspection to see why this property is more than meets the eye!

Property Details for 509 High St, Preston

Building Type
Commercial
Floor Size
507m2
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About Preston 3072

The size of Preston is approximately 11.5 square kilometres. It has 30 parks covering nearly 4.7% of total area. The population of Preston in 2016 was 32851 people. By 2021 the population was 33790 showing a population growth of 2.9% in the area during that time. The predominant age group in Preston is 30-39 years. Households in Preston are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Preston work in a professional occupation.In 2021, 57.30% of the homes in Preston were owner-occupied compared with 56.70% in 2016.

Preston has 21,600 properties. Over the last 5 years, Houses in Preston have seen a 15.62% increase in median value, while Units have seen a 12.69% increase. As at 30 November 2025:

  • The median value for Houses in Preston is $1,220,339 while the median value for Units is $635,220.
  • Houses have a median rent of $620 while Units have a median rent of $550.
There are currently 79 properties listed for sale, and 37 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 914 properties were sold in the past 12 months in Preston.

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Brett Diston
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Cameron Barber
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Ray White Commercial Diston Asset Services
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