515-517 High Street, Preston, VIC 3072 | Commercial for rent | OnTheHouse
 
FOR RENT
$69,500 plus gst plus outgoings

515-517 High Street
Preston VIC 3072

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 271m2
Land area: 440m2
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Prime High Street Opportunity - Flexible Floor Plan, Outstanding Exposure

Located in the heart of Preston's thriving High Street precinct, this versatile commercial space offers a rare opportunity to secure a high-profile position with exceptional frontage and flexibility.
Boasting a total floor area of approximately 271sqm*, the property can be leased as a whole or divided into two separate tenancies of 144sqm* and 120sqm* to suit your business needs.
Flooded with natural light and featuring an open-plan layout, the space includes a kitchen, toilet amenities, and ample off-street parking at the rear - ideal for a wide range of retail, office, or showroom uses (STCA).
Key Features:
*Total floor area: 271sqm* (or 144sqm*/120sqm* split options)
*Excellent street exposure on busy High Street
*Light-filled open-plan interiors
*Kitchen and toilet facilities included
*Rear access and ample off-street parking
*Surrounded by established retailers, cafes & services
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Property Details for 515-517 High St, Preston

Building Type
Commercial
Floor Size
271m2
Land Size
440m2
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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 21.98% increase in median value, while Units have seen a 9.13% increase. As at 31 October 2025:

  • The median value for Houses in Preston is $1,229,206 while the median value for Units is $620,615.
  • Houses have a median rent of $620 while Units have a median rent of $550.
There are currently 82 properties listed for sale, and 40 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 906 properties were sold in the past 12 months in Preston.

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Stephen Kouvas
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Kon Kouvas
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