589 Gilbert Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

589 Gilbert Road
Preston VIC 3072

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 50m2
Land area: 270m2
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Property Details for 589 Gilbert Rd, Preston

Building Type
Commercial
Floor Size
50m2
Land Size
270m2
Local Government
Darebin
Lot/Plan
1/TP211295

Last Listing description (November 2023)

A great opportunity has arisen for a restaurant or caf to thrive!
Set your business up in this prime location situated on the corner of Gilbert Road and Regent Street with the tram stop on your door step, close to all amenities.

The shop front is approx. 50m2 with a split system and counter setup ready to go.
Behind the front there is a commercial kitchen space, 2 dining rooms, an office, bathroom and a kitchenette.
The rear yard could be a relaxing space in summer with added benefits of a large double garage space.
(Subject to all council approvals)

Rent: $4,000.00 per month + Outgoings

Property History for 589 Gilbert Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$400,800
08 Jul 2007
Listed for Rent
$48k/w
02 Nov 2023
  • 26 Jul 2023
    Listed for Rent - Price not available
  • 17 Sep 2010
    Listed for Rent $30,764 / year
  • 08 Jul 2007
    Sold for $400,800
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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 21,596 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.
There are currently 64 properties listed for sale, and 37 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 947 properties were sold in the past 12 months in Preston.

Suburb Insights for Preston 3072

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.