130 Wood Street

Preston VIC 3072

319 m²

House

Currently for sale - view listing

Overview

Corner Mixed-Use Opportunity With Plans & Permit

Sale by SET DATE: Tuesday 12th May at 5:00pm (unless sold prior) Commanding a high-profile corner allotment in one of Preston's most active growth corridors, this substantial mixed-use site is primed for builders and developers seeking scale, flexibility and strong end-value potential. Boasting valuable dual street frontage and excellent access, the property currently comprises two retail shopfronts and a three-bedroom residence at the rear with garage, returning $1,825 per month on a month-to-month lease agreement, providing immediate holding income while future works are planned. Importantly, the site comes with approved plans and permits in place for one commercial space, one apartment and two street-frontage townhouses (STCA if required), offering a streamlined pathway to redevelopment and significant value-add opportunity. The corner configuration maximises design efficiency, exposure and yield potential, making it an outstanding prospect for those looking to capitalise on Preston's continued growth. Positioned moments from Northland Shopping Centre, Plenty Road trams, Wood Street buses, Preston Market, Preston Station, schools and parklands, this is a rare opportunity to secure a permit-ready, high-exposure corner development site with income and substantial upside in a proven, high-demand precinct.