2A Austral Avenue, Preston, VIC 3072 | Commercial for sale | OnTheHouse
 
FOR SALE
$2,600,000

2A Austral Avenue
Preston VIC 3072

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1080m2
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DEVELOPMENT OPPORTURNITY: 1080M2 IN PRIME LOCATION MIXED USE ZONING

Phone enquiries - please call 1300 594 794 and quote property ID 33102.
Mixed zoning: Commercial / Residential!!
The previously approved Plan was for 3 levels (16 Apartments). This permit has expired, however, an opportunity for up to 8 levels may be possible - (STCA).
Versatile, superbly positioned development site in a premium location. Located to the south of Bell Street, on a quiet, tree-lined street, this is an ideal location with a comfortable walk to Bell train station. Primary, and secondary schools along with the NMIT (Northern Melbourne Institute of TAFE) are nearby.
This is an excellent opportunity for developers, investors and builders alike.
Your expressions of interest are welcome....
DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist commercial property owners who are looking to sell or lease their own commercial property without paying any real estate commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

Property Details for 2a Austral Ave, Preston

Building Type
Commercial
Land Size
1080m2
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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 21,601 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 82 properties listed for sale, and 40 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 904 properties were sold in the past 12 months in Preston.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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