Preston 61 Regent Street

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Prime Investment Opportunity in Sought-After Location

Floorplan Statement of Information

Exceptionally rare to the market and ideally positioned just 200m (approx.) from Regent Railway Station, this remarkable 1,126 sq m (approx.) parcel of land offers a prime investment opportunity. The property features a well-maintained 2-bedroom home and seven 1-bedroom residences, all conveniently held on a single title.

For investors, this property offers strong future growth potential along with a current income stream of $141,500 per annum, with the possibility to increase to approximately $160,000 per annum in the near term. For developers, there's an exciting opportunity to subdivide (STCA), unlocking even more value.

Located just 10km from Melbourne's CBD, this prime spot offers easy access to Preston Market, local cafes and restaurants, Preston Primary School, the Western Ring Road, the Gilbert Road tram, and Edwards Lake.

1,126 sq m (approx.) of prime land Includes 2-bedroom and seven 1-bedroom homes Current income: $141,500 per annum Potential income: $160,000 per annum 10km to Melbourne CBD

This is a rare opportunity not to be missed!

Terms: 10% deposit, balance 30/60/90 days


  • Property Information

    • Land area approx 1,126sqm

  • Property Features

    • Garages 6

Nearest Schools

  • In Catchment Area
  • Independent Schools*

Primary School

  • Preston West Primary School

Secondary School

  • Coburg High School
  • Preston High School

Combined

  • St John's College Preston
  • Antonine College - Cedar Campus
  • Australian International Academy of Education
  • East Preston Islamic College
  • Australian International Academy of Education - Senior Campus
  • Darul Ulum College of Victoria
  • Ilim College - Glenroy Campus

Primary

  • St Raphael's School
  • St Gabriel's School
  • Sacred Heart School
  • Holy Name School
  • St Stephen's School
  • St Paul's School
  • St Bernard's School
  • St Mary's School
  • St Joseph the Worker School
  • Fitzroy Community School - Thornbury Campus
  • Maharishi School of the Age of Enlightenment
  • St Mark's School
  • Our Lady of the Way School
  • Holy Spirit School
  • St Margaret Mary's School

Secondary

  • Parade College - Preston Campus
  • Mercy College
  • Santa Maria College

Special

  • Preston Reservoir Adult Community Education Inc
* Nearby schools are automatically selected based on straight-line distance only, and ordered by proximity.

Fletchers Agents


For Sale

$2,800,000 - $3,080,000

9    8    6   

Block of Flats

Open Times

Please contact Giorgio Mavrelis to arrange an appointment.

Preston Area Guide

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Important Information

Fletchers Area Guide Preston, VIC 3072

The median house price recorded by the REIV for the September 2024 quarter was $1,200,000. The median unit price recorded by the REIV for the September 2024 quarter was $601,000. To browse through the latest Preston property and houses for sale available please use our simple real estate search facility on this website or speak to one of our experienced Preston Real Estate Agents directly.

Preston Suburb Guide

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Your enquiry will be sent via e-mail to Giorgio Mavrelis and Arthur Torpatzis at Fletchers Inner North, who will be in touch to provide more information.