581 Plenty RoadPreston VIC 3072
Property Details for 581 Plenty Rd, Preston
Last Listing description (February 2018)
This magnificent double fronted light filled retail shop with main road exposure is in ones of Melbourne's most sought after and fastest growing locations, within walking distance to Northland Shopping Centre, Preston Market, High St Shopping District, schools, restaurants, bars, tram and train lines, easy access to Bell St and other major arterials, only 9km's from the CBD.
Currently tenanted to an Education Facility, this solid investment is made even more attractive by being newly rezoned to allow for a mixed use development (STCA) in an area where value is underpinned by established infrastructure.
Features include:
- x 3 large office rooms
- Reception area
- Separate male and female bathrooms including shower
- Fully equipped kitchen with meals area
- 2 off street parking spaces via Laneway access
- Tenanted at $50,000 + GST + outgoings - Lease commenced 1st March 2017 on 3 years with 3 year option
- Building size of 300m2
- Land Size of 331m2
Property History for 581 Plenty Rd, Preston, VIC 3072
- 15 Apr 2025Sold for $940,500
- 12 Jan 2018Listed for Sale $1,200,000 Plus GST (if any)
- 19 Mar 2015Listed for Sale $870,000 PLUS
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0About 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 21,596 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.
Suburb Insights for Preston 3072
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