Knight Frank in conjunction with Jellis Craig are delighted to offer 176-180 High Street, Preston for sale via Mortgagee Auction, to be held on-site on Thursday 16th August at 12noon.

Prominently positioned on the corner of High and Bell Streets, this landmark site features planning approval for a stunning architect designed 8 level mixed use development superbly located with every amenity one could want within close proximity and only 7.5kms* from Melbourne’s CBD.

Located in a proven apartment market, this outstanding redevelopment opportunity features the following:

- Corner landholding of 1460sqm* featuring dual frontage totalling 77m*
- Approved for 73 apartments plus 3 retail (comprising 6 x 3 bed, 43 x 2 bed and 24 x 1 bed apartments)
- Potential CBD views from proposed development
- Quality 2 level existing improvement featuring office and showroom accommodation with on-grade car parking
- Convenient location close to all transport options and the strip retail precincts of Northcote, Thornbury and Preston
- Walking distance to Preston Market, educational facilities, parklands, bike paths and more
- Located within a thriving inner city suburb with a median house price of $1,010,000 and unit price of $600,000 (Source: REIV)