552 - 558 Plenty Rd, Preston, VIC 3072 | Commercial for sale | OnTheHouse
 
FOR SALE
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552 - 558 Plenty Road
Preston VIC 3072

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 500m2
Land area: 1103m2
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Permit Approved for 10 Townhouses and 108 Place Childcare Centre

Development Opportunity in Preston
Unlock the potential of this prime land development opportunity located in the heart of Preston! Spanning a generous area, this property is perfectly positioned along the bustling Plenty Road, offering exceptional visibility and accessibility for future projects.
Key Features:
Permit Approved 10 Townhouses.
Zoned for Development: This versatile land is ideally suited for a variety of development options, whether you're looking to build residential units, or the childcare centre or a multilevel development up to 21 meters or 4 to 6 storeys (STCA) under the new zoning scheme HCTZ (S1) (Housing Choice and Transport Zone Encourages increased density on larger and consolidated lots in residential areas 800metres from the commercial core)
Strategic Location: Situated in a vibrant and rapidly growing area, this property benefits from high foot traffic and excellent public transport links. With nearby amenities including shops, cafes, and parks, the location is perfect for attracting future residents and businesses.
Endless Possibilities: With ample space to work with, the potential for this site is limited only by your imagination. Create a thriving community hub or capitalize on the demand for new housing in this sought-after suburb.
Don't miss out on this rare opportunity to invest in a key location in Preston. Whether you're a seasoned developer or looking to make your mark in the property market, 552 - 558 Plenty Road is the canvas you've been waiting for.
Vendor Terms available upon negotiation.
For more information including copy of plans and permit, or to arrange a viewing, please contact us today.
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Property Details for 552 - 558 Plenty Rd, Preston

Building Type
Commercial
Floor Size
500m2
Land Size
1103m2
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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 21,602 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 80 properties listed for sale, and 38 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 901 properties were sold in the past 12 months in Preston.

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Patrick Mammone
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Kevin Paghdar
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