1/204 High Street, Preston, VIC 3072 | Commercial for sale | OnTheHouse
 
FOR SALE
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1/204 High Street
Preston VIC 3072

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 208m2
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High-Traffic Corner Asset in Melbourne's Thriving Inner North

Positioned prominently at the gateway to Preston's bustling retail and lifestyle precinct, this exceptional commercial opportunity delivers outstanding exposure, flexibility and long-term growth potential in one of Melbourne's most dynamic northern corridors.
Occupying a highly visible corner position on the intersection of High Street and Bell Street, the property benefits from substantial passing traffic, excellent pedestrian activity and immediate access to Preston's extensive retail, dining and transport infrastructure. The versatile three-level layout of approximately 208sqm* provides exceptional adaptability for investors, owner-occupiers, medical operators, hospitality businesses, professional services and boutique retailers.
Surrounded by established national and local businesses, the property enjoys direct access to tram, train and bus networks, while being moments from Preston Market, Northland Shopping Centre and Melbourne's rapidly evolving inner-north residential catchment.
Investment Highlights
• Premium corner position with outstanding exposure to High Street and Bell Street traffic
• Flexible commercial floorplan across three levels totaling approximately 208sqm*
• Suitable for retail, medical, hospitality, office or service-based businesses
• Secure on-site parking and quality amenities throughout
• Immediate proximity to Bell Railway Station, tram services and major arterial roads
• Located within Preston's established retail core, benefiting from strong consumer activity and continued urban growth
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Property Details for 1/204 High St, Preston

Building Type
Commercial
Floor Size
208m2
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About Preston 3072

The size of Preston is approximately 11.5 square kilometres. There are 30 parks, covering nearly 4.7% of the 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 21,616 properties. Over the last 5 years, Houses in Preston have seen a -1.16% decrease in median value, while Units have seen a 7.18% increase. As at 31 July 2026:

  • The median value for Houses in Preston is $1,185,725 while the median value for Units is $645,689.
  • Houses have a median rent of $700 while Units have a median rent of $580.
There are currently 69 properties listed for sale, and 47 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 902 properties were sold in the past 12 months in Preston.

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Trin Le
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